INSTRUCTIONS FOR THIS EXERCISE:

Step $1$:

Click on spreadsheet labelled "Chart of Accounts" $($Blue Colored Tab$).$

You will recall that your textbook expains that a Chart of Accounts is used to organize a company's accounts.

The Chart of Accounts in this workbook is for Smart Touch Learning. When you examine it$,$ you will note that, like all Chart of Accounts, it is set up like the standard Accounting Equation of: Assets $=$ Liabilities $+$ Owner's Equity and the Expanded Accounting Equation of: Assets $=$ Liabilities $+$ Owner's Equity $+$ Revenues $-$ Expenses

You will note that Dividends are included in Equity, which are also taught as part of the expanded equation.

Step $2$:

Click on spreadsheet labelled $"$T$-$Accounts" $($Red Colored Tab$).$

You will recall that your textbook expains that a ledger is a record that holds: $1)$ all the accounts of a business from the Chart of Accounts; $2)$ the changes in those accounts; and $3)$ the balances of each account. For this exercise the ledger is represented by T$-$Accounts. Note that a T$-$Account has been set$-$up for each account listed on the Chart of Accounts.

Step $3$:

Perform the following steps, note that the Cash T$-$Account has been completed for you as an example:

$1)$ Use the Drop Box to Select Debit side or Credit side for each account.

$2)$ Use the Drop Box to Select the side of the T Account that is used for the "Normal Balance" $-$ choose "Balance".

$3)$ Use the Drop Box to Select the side that is the increase side; select the plus sign $+$

$4)$ Use the Drop Box to Select the side that is the decrease side; select the minus sign $-$

Step $4$:

$1)$ Save the Excel file using your last name in the file name.

$2)$ Attach your Excel file to the Blackboard Assignment folder;

$3)$ Click $\backslash (\backslash$mathbf$\{$n$\}\backslash )$ the "Submit" button to submit your completed assignment. $|$INSTRUCTIONS FOR THIS EXERCISE:

Perform the following steps:

$1)$ Use the Drop Box to Select Debit side or Credit side for each account.

$2)$ Use the Drop Box to Select the side of the T Account that is used for the "Normal Balance" $-$ choose "Balance".

$3)$ Use the Drop Box to Select the side that is the increase side; select the plus sign $+$

$4)$ Use the Drop Box to Select the side that is the decrease side; select the minus sign $-$

$5)$ Save the Excel file using your last name in the file name.

$6)$ Attach your Excel file to the Blackboard Assignment folder;

$7)$ Click $\backslash ($ n $\backslash )$ the "Submit" button to submit your completed assignment.

Note that the T Account for Cash is given as an example.

Dividends

Service Revenue

A Ledger is a record holding:

$1)$ all the accounts of a business;

$2)$ the changes in those accounts;

$3)$ and their balances.

In this exercise the ledger is represented by T Accounts.