EA1-A1 Display the Accounting Equation In this exercise, enter the beginning and ending accounting equations in Excel. The beginning assets equal $97,000 and the beginning liabilities equal $59,000. During the year, liabilities increased by $9,000 and equity decreased by $11,000.

2. In the range A1:E1 add the appropriate headers for the accounting equation. Ensure that you enter the equals sign and plus sign in the proper locations.

3. Apply bold formatting to and center all entries in row 1.

4. In row 2, enter the beginning accounting equation amounts and any necessary mathematical symbols in the appropriate locations.

5. In cell F2, enter an appropriate description of the figures displayed in row 2.

6. In row 3, enter the ending accounting equation amounts and any necessary mathematical symbols in the appropriate locations.

7. In cell F3, enter an appropriate description of the figures displayed within row 3.