Homework for week #$11$

Part $1$

Due by $11$:$59$pm March $23$

Use the Basic Accounting Equation to place the listed items and values provided below under the correct

headings. Check to see if the equation balances.

Cash $$35,000$

Laptops $$5,000$

Car $$44,000$

Advertising Expense $$1,900$

Heat Expense $$300$

Internet Expense $$300$

Cell phones $$3,000$

Equipment $$34,000$

Owner's Investment $ $120,000$

Rent Expense $$2,000$

Accounts Payable $$3,000$

Sales $$15,000$

Owner Withdrawal $$300$

Wage Expense $$3,000$

Office Equipment $$9,200$

ASSETS $=$ LIABILITIES $+$ OWNER'S CAPITAL $-$ OWNER'S WITHDRAWAL $+$ REVENUE $-$ EXPENSES

Record the following under the equation on an Excel spreadsheet that you set up$.$

Total all columns

Total each side of the $\text{'}=\text{'}$ sign...Hint should balance.