Basic Accounting Equations

Debits = Credits Assets = Liabilities + Equity

Expanding the Basic Accounting Equations
Debits = Credits Assets = Liabilities + Common Stock + Retained Earnings

Expanding the Basic Accounting Equations
Debits = Credits Assets = Liabilities + Common Stock + Beg. R/E + Net income - Dividends

Expanding the Basic Accounting Equations
Debits = Credits Assets = Liabilities + Common Stock + Beg. R/E + Revenues - Expenses - Dividends

Expanding the Basic Accounting Equations
Debits Assets + Expenses + Dividends = =
Credits Liabilities + Common stock + Beginning R/E + Revenues = Total Credits

Total Debits

=