Please use Microsoft Excel

EA1-R1 Display the Accounting Equation In this exercise, you will enter the beginning and ending accounting equations in Excel. The beginning assets equal $62,000 and the beginning liabilities equal $19,000. During the year, liabilities increased by $13,000 and equity increased by $4,000 1. Create a Blank Workbook and save the file in your Chapter 01 folder as EA1-R1-AcctEquation-[YourName] You will begin by formatting the cells into which you'll enter the accounting equation. 2. Highlight the range A1:E1, choose HomeFontBold, and then click Center 3. Using [Tab] to navigate and Enter to complete the final entry, type the beginning accounting equation into the range A1:E1. 1 Assets Liabilities+ Equity The accounting equation headers appear in row 1 with the bold formatting and center alignment you applied in the previous step. In cell A2, type the beginning asset dollar amount and tap Tab. Hint: Here and throughout, refer to the exercise instructions for the dollar amounts to enter within the accounting equations 4. 5. Type- and tap [Tab, type the beginning liability dollar amount and tap [Tab, type and tap [Tab, and then type the beginning equity dollar amount and tap [Tab As this is the beginning accounting equation, the spreadsheet should indicate this fact. To accomplish this, you will now enter a description in cell F2. 6. In cell F2, type Beginning Accounting Equation and tap Enter 7. Select cell A2, hold Ctril, select cells C2 and E2, and release Ctrl