Determine the company's accounting equation, and label each element as a debit amount or a credit amount. If you use $27,500 for the owner's equity, why is the accounting equation out of balance?

Complete the accounting equation below, and then below each element, select whether it is a debit or credit account. Finally, enter the amount for each element into the accounting equation, using $27,500 for owner's equity. Note

that the equation will not balance

o ch Unadjusted Trial Balance Cash Accounts receivable Supplies Land Building Accounts payable Note payable Leigh Clayborn, capital Leigh Clayborn, withdrawals Service revenue Interest expense Rent expense Salaries expense $ 23,580 4,900 340 12,000 33,000 1,600 440 1,350 3,700 190 $ 1,600 44,200 27,500 7,800 - K Supplies Land Building Accounts payable Note payable Leigh Clayborn, capital Leigh Clayborn, withdrawals Service revenue Interest expense Rent expense Salaries expense Utilities expense Total $ CA 340 12,000 33,000 1,600 440 1,350 3,700 190 81,100 $ $ 1,600 44,200 27,500 7,800 81,100