make a simple balance sheet by sorting out the following information. Use the accounting equation to calculate owner's equity. The business is called DVD palace. The owners name is Margaret Foster. Each correct line on the balance sheet is worth 1/2 of a mark. There should be 23 lines of information, including the name of the business at the top of the balance sheet.

Information:

i) bank loan $25000

ii)accounts receivable 100

iii) accounts payable 45000

iv)cash 12000

v) equipment 7800

vi) supplies inventory 400

vii)DVD inventory 87000