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| Particulars | Asset | Liability | Stockholders Equity |
| a) | A | C | A |
| 6.00 | Increase | Increase | No Effect |
| 7.00 | Increase | Increase | No Effect |
| 8.00 | Decrease | No Effect | Decrease |
| Q9 | |||
| Beginning Retained earnings | 250,000.00 | ||
| Add Net Income | 42,000.00 | ||
| Less Dividend paid | (25,000.00) | ||
| Retained earmings for Jan 31 | 267,000.00 | ||
| Revenue = 65000 + 105000 | 170,000.00 | ||
| Less expenses: | |||
| Rent | 3,000.00 | ||
| Salaries | 125,000.00 | ||
| Total expenses | 128,000.00 | ||
| Income = 170,000 - 128,000 | 42,000.00 |
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