Accounting Solution 3.2 (Accounting for Deferrals)

BS - Balance Sheet, IS - Income Statement, CE - Statement of Changes in Equity, CF - Statement of Cash Flows.

1) Cash - BS	16) Beginning Retained Earnings - CE
2) Accounts Receivable - BS	17) Capital Acquisition - CE
3) Liabilities - BS	18) Certificate of Deposit - BS
4) Cash Receipts from Revenue - CF	19) Net Cash Flows from Oper. Activities - CF
5) Net Income - IS, CE	20) Salary Expense - IS
6) Contributed Capital - BS, CE	21) Net Change in Cash - CF
7) Salaries Payable - BS	22) Interest Payable - BS
8) Interest Payable - BS	23) Consulting Revenue - IS
9) Total Assets - BS	24) Notes Receivable - BS
10) Land - BS	25) Distributions - CE
11) Interest Expense - IS	26) Office Equipment - BS
12) Supplies - BS	27) Ending Retained Earnings - CE
13) Accumulated Depreciation - BS	28) Total Equity - BS, CE
14) Note Payable - BS	29) Accounts Receivable - BS
15) Unearned Revenue - BS	30) Supplies Expense - IS

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