Please answer all the questions if you can print it and answer the questions

1. List 5 assets in a donut shop. 6. What is the balance sheet equation? 1. Furnatur 7. What is a balance sheet? 8. How is the owner's equity calculated? Items the business needs to provide service are 2. List 5 assets in a dentist office 9. In what order are assets listed on the balance sheet? 10. In what order are liabilities listed on the balance sheet? 3. List 5 assets to use in a funeral home 11. What is the business entity principle? 12. What is the cost principle? ASSETS=LIABILITIES + OWNER'S EQUITY LIABILITIES=ASSETS - OWNER'S EQUITY OWNER'S EQUITY=ASSETS - LIABILITIES total liabilities? Example: If assets are $ 85 000 and Owner's equity is $ 36 200 then how much are the - O.E = 85 000 - 36 200 Use the teacher's given notes to complete this assignment. Remember to give = $ 48800 searching? examples. Write in your own words. If necessary, do some research also by googl 1. What is accounting? EXERCISES. 1. Diane is a student at Glendale Secondary School. She works part-time as a secretary at a local real estate office. The following is a list of items Diane has 2. What is meant by financial position? prepared to calculate her personal financial position(OWNER'S EQUITY) on August 31,2012 Cash in Bank $200 Portable stereo system 300 3. Define assets and give some examples. Clothes 2000 Tape collection 230 Jewellery 500 4. Define liabilities and give some examples. Loan from father for stereo 200 a) Determine Diane financial position by calculating her net worth. A=L + OE 200+300+2000+230+500=200+_ 5. Define owner's equity. 3,230=200+3,030 OE = A - L OE=3230-200