equity

[Michael P. Soulier]

    Ok, hopefully this question is a little better. 

    Lets say I open a bank account with a $1000 balance. So, I transfer from
an equity account for that. Then, I have a student loan of $10000, and I
transfer from equity for that. So, my equity accounts would look like:

equity
    |
    --- Retained Earnings:  -$1,000
    |
    --- Retained Losses:    $10,000

    This is correct I hope, as the equity balances should be the opposite sign
to the opposing accounts?

    So, that makes my equity balance +$9,000. How do I interpret that? It's
positive, so it looks good, but I know it's bad. ;-)

    Mike

-- 
Michael P. Soulier <msoulier@storm.ca> 
"With sufficient thrust, pigs fly just fine. However, this is not necessarily a
good idea. It is hard to be sure where they are going to land, and it could be
dangerous sitting under them as they fly overhead." -- RFC 1925