Set up an accounting equation spreadsheet and enter each of the following economic events into it.

a. A car is purchased for $25,000 cash.

b. A car is purchased for $15,000 cash and $10,000 financed through the dealer.

c. A corporation sells common shares to investors for $100,000.

d. A corporation pays $1,000,000 in dividends to shareholders.

e. A corporation declares dividends of $1,000,000. The dividends will be paid in 30 days.

f. A corporation pays $1,000,000 of dividends that were previously declared.

g. A company sells goods to a customer for $300 cash. The goods cost $200.

h. A company sells goods to a customer for $300. The goods cost $200. The customer promises to pay in 30 days.

i. A company collects $1,000 that is due from a customer.