In an accounting transaction grid, a business ends with Cash $1,500, Accounts Receivable $400, Accounts Payable $100, Share Capital $1,000, and Retained Earnings $800. Do total assets equal total liabilities plus equity?

1. Total assets are Cash plus Accounts Receivable: $1{,}500 + 400 = 1{,}900$. 2. Total liabilities and equity are Accounts Payable plus Share Capital plus Retained Earnings: $100 + 1{,}000 + 800 = 1{,}900$. 3. Both sides equal $1,900, so the equation balances. 4. The $1,800 figure in C omits an account; B and D claim an imbalance that does not exist. 5. Therefore both sides equal $1,900. _Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §1.7.2 "Accounting Transaction Grid", p.43_