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3. Stephanie Martinez opened a Latin Fusion restaurant downtown in a large southern city. She has asked you, her accountant, to complete the accounting equations

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3. Stephanie Martinez opened a Latin Fusion restaurant downtown in a large southern city. She has asked you, her accountant, to complete the accounting equations for some of her first month's transactions. Complete the accounting equations below. (Spreadsheet hint: If you need to record two transactions in one cell, use Alt Enter after the first number to return to the next line within the same cell.) a. The restaurant started with a $1,200,000 check from its owner, Stephanie Assets = Liabilities + Owners' equity Revenue-Expenses b. The restaurant generated revenues of $5000 on accounts receivable Assets = Liabilities + Owners' equity Revenue-Expenses c. Stephanie purchased a $400,000 building with $40,000 cash and a $360,000 mortgage. Assets = Liabilities + Owners' equity Revenue-Expenses d. Stephanie paid $550 cash for the utilities bill. Assets= Liabilities + Owners' equity Revenue-Expenses

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