26 Chapter The Accounting qution and Recording journals Apply Your Skills BAT-A1 Display the Accounting Equation In this exercise, you will enter the beginning and ending accounting equations in Excel. The beginning assets equal $97,000 and the beginning liabilities equal $59,000. During the year, liabilities increased by $9,000 and equity decreased by $11,000. 1. Create a Blank Workbook and save the file in your Chapter 01 folder as: EA1-A1-AcetEquation-[Your Name] 2. In the range A1:E1 type appropriate headers for the accounting equation. Ensure that you enter the equals sign and plus sign in the proper locations. 3. Apply bold formatting to and center all entries in row 1. 4. In row 2, enter the beginning accounting equation amounts and any necessary mathematical symbols in the appropriate locations 5. In cell F2, enter an appropriate description of the figures displayed in row 2. 6. In row 3 enter the ending accounting equation amounts and a any necessary mathematical symbols in the appropriate locations. 7. In cell F3, enter an appropriate description of the figures displayed within row 3. 8. In rows 2-3, format all dollar amounts in the 26 Chapter The Accounting qution and Recording journals Apply Your Skills BAT-A1 Display the Accounting Equation In this exercise, you will enter the beginning and ending accounting equations in Excel. The beginning assets equal $97,000 and the beginning liabilities equal $59,000. During the year, liabilities increased by $9,000 and equity decreased by $11,000. 1. Create a Blank Workbook and save the file in your Chapter 01 folder as: EA1-A1-AcetEquation-[Your Name] 2. In the range A1:E1 type appropriate headers for the accounting equation. Ensure that you enter the equals sign and plus sign in the proper locations. 3. Apply bold formatting to and center all entries in row 1. 4. In row 2, enter the beginning accounting equation amounts and any necessary mathematical symbols in the appropriate locations 5. In cell F2, enter an appropriate description of the figures displayed in row 2. 6. In row 3 enter the ending accounting equation amounts and a any necessary mathematical symbols in the appropriate locations. 7. In cell F3, enter an appropriate description of the figures displayed within row 3. 8. In rows 2-3, format all dollar amounts in the