Weegy: Equity= Asset-Liability. So, Asset= $15,000+ $4,000= 3. $19,000 User:
The fact that each transaction has a dual effect on the accounting elements provides the basis for what is called double-entry accounting.
Only the asset, liabilities, and owner's equity accounts will be listed on the trial balance of the business.
What is the account classification of the Accumulated ... (More)