Apply Your Skills beginning asster the beginning and ending accounting equations in Excel. The innin isplay the Accounting Equation n this exercise, you will enter ending accou gasset equal $97,000 and the beginning liabilities equal $59,000. During the yearn liabilities increased by $9,000 and equity decreased by $11,000 1. Create a Blank Workbook and save the file in your Chapter 01 fold EA1-A1-AcctEquation-[YourName] 2. In the ran ge A1:E1 type appropriate headers for the accounting equation. Ensure that you enter the equal s sign and plus sign in the proper locations 3. Apply bold formatting to and center all entries in row 1. 4. I n row 2, enter the begin symbols in the appropriate locations. ning accounting equation amounts and any necessary mathematical 5. I n cell F2, enter an appropriate 6. In row 3, enter the ending accounting equation amounts and any necesa description of the figures displayed in row 2. 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 accounting number format with zero decimal places; center all mathematical symbols. 9. Change the worksheet orientation to be landscape 10. Review the print preriew and hen save and dons the ile. EA1-A2 Record Journal Entries In this exercise, you will record four journal entries in Excel. The four transactions you will use, all ofwhich took place during 2016, are as follows: February 4: Purchased $1,100 of supplies on account . February 12: Received $2,600 of Service Revenue February 17: Paid $3,100 for Rent Expense February 27: Recorded an adjusting journal entry for Supplies Expense after determining . that the vatue of remaining supplies is $3530 tche compary had no suples prior to February) Create a Blank Workbook and save the file in your Chapter 01 folder as: EA1-A2-JournalEntries-[YourName] 1. In row 1, for the first transaction enter the date (including the year) in column A, the debited account in column B, and the debited amount in column D. 2. 3. Ensure that the format for the date in cell A1 is Short Date. 4. In row 2, for the first transaction enter the credited account in column C and its amount in column E an explanation for the first transaction in cell B3. 6. second journal entry on rows 4-6 and the third on rows 7-9. 7. Enter the fourth transaction as described: In this cell: Cell A10 Cell B10 Cell D10 Cell C11 Cell E11 Cell B12 Enter the data for the: Date of the fourth transaction Debited account Debited amount Credited account Credited amount Explanation for the fourth transaction 8. Hi ghlight all amounts within th e four journal entries and apply the accounting number format with zero decimal places. e width of columns A-E by double-clicking the right border of column E. 10. Adjust the column width of column B to equal 5. 11. Use a keyboard shortcut to italicize the explanations for the first and second journal entries and use the Ribbon to italicize the explanation for the third journal entry. 12. Copy the formatting in cell B9 and paste it to cell B12. t the print area to encompass only the first two journal entries. 14. Save and close the file. Apply Your Skills beginning asster the beginning and ending accounting equations in Excel. The innin isplay the Accounting Equation n this exercise, you will enter ending accou gasset equal $97,000 and the beginning liabilities equal $59,000. During the yearn liabilities increased by $9,000 and equity decreased by $11,000 1. Create a Blank Workbook and save the file in your Chapter 01 fold EA1-A1-AcctEquation-[YourName] 2. In the ran ge A1:E1 type appropriate headers for the accounting equation. Ensure that you enter the equal s sign and plus sign in the proper locations 3. Apply bold formatting to and center all entries in row 1. 4. I n row 2, enter the begin symbols in the appropriate locations. ning accounting equation amounts and any necessary mathematical 5. I n cell F2, enter an appropriate 6. In row 3, enter the ending accounting equation amounts and any necesa description of the figures displayed in row 2. 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 accounting number format with zero decimal places; center all mathematical symbols. 9. Change the worksheet orientation to be landscape 10. Review the print preriew and hen save and dons the ile. EA1-A2 Record Journal Entries In this exercise, you will record four journal entries in Excel. The four transactions you will use, all ofwhich took place during 2016, are as follows: February 4: Purchased $1,100 of supplies on account . February 12: Received $2,600 of Service Revenue February 17: Paid $3,100 for Rent Expense February 27: Recorded an adjusting journal entry for Supplies Expense after determining . that the vatue of remaining supplies is $3530 tche compary had no suples prior to February) Create a Blank Workbook and save the file in your Chapter 01 folder as: EA1-A2-JournalEntries-[YourName] 1. In row 1, for the first transaction enter the date (including the year) in column A, the debited account in column B, and the debited amount in column D. 2. 3. Ensure that the format for the date in cell A1 is Short Date. 4. In row 2, for the first transaction enter the credited account in column C and its amount in column E an explanation for the first transaction in cell B3. 6. second journal entry on rows 4-6 and the third on rows 7-9. 7. Enter the fourth transaction as described: In this cell: Cell A10 Cell B10 Cell D10 Cell C11 Cell E11 Cell B12 Enter the data for the: Date of the fourth transaction Debited account Debited amount Credited account Credited amount Explanation for the fourth transaction 8. Hi ghlight all amounts within th e four journal entries and apply the accounting number format with zero decimal places. e width of columns A-E by double-clicking the right border of column E. 10. Adjust the column width of column B to equal 5. 11. Use a keyboard shortcut to italicize the explanations for the first and second journal entries and use the Ribbon to italicize the explanation for the third journal entry. 12. Copy the formatting in cell B9 and paste it to cell B12. t the print area to encompass only the first two journal entries. 14. Save and close the file