acct229 at Texas A&M

4. Determining Normal Balance for Shareholder's Equity

in Chapter 3 (Video 4 of 7)
Shareholder's Equity has a normal balance, just like every other account. It's pretty simple to determine, not unlike Assets and Liabilities.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)
Contributed Capital
+ Retained Earnings
Shareholder's Equity (or Owner's Equity)
Beginning RE
+ Net Income
– Dividends
Ending RE
Revenues
– Expenses
Net Income

The Rest Of The Videos

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Which sorority has better date parties?
ΧΩ or ΚΚΓ

Did I miss anything in Chapter 3?

What Did I Miss?