Equality of the accounting equation

Reference no: EM131010976

Assume that Esquire consulting errouneously recorded the payment of $30,000 of dividends as salary expense.

Based on this answer the following questions this week with explanations of your reasoning.

1. How would this error affect the equality of the accounting equation

2. How owuld this error affect the income statement, retained earnings statement, blance sheet and statement of cash flows?

Reference no: EM131010976

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