Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 6

Reporting Amounts on the Four Basic Financial Statements
Using the following table and the equations underlying each of the four basic financial statements, show ( a ) that the balance sheet is in balance, ( b ) that net income is properly calculated, ( c ) what caused changes in the retained earnings account, and ( d ) what caused changes in the cash account.