Exercise 3

It creates a table in MS Excel with each of the following accounts and indicates its effect on the accounting equation.

To open the business, he deposited $45,000 of his personal funds as an investment.

He bought office supplies for $1,000 on credit. He received income from providing a service for $2,000 in cash.

He paid utilities for $400.00. He paid $300 for supplies purchased on credit.

He received $4,000 in cash from service.

Provided customer service for $3,000 on credit.

He paid wages of $1,800 to an employee. He made a withdrawal of $200.00 for his personal use.