Please Help! :)

The accounting equation is the key tool in gathering and summarizing financial information about business events so that they can be easily reported in financial statements for communicating with stakeholders. So this is your opportunity to sort out the process of using this tool in your mind and describe it in your own words. Please write with your audience being a new business owner and explaining the use of the accounting equation worksheet. You should complete a one page professional memo explaining how the accounting equation worksheet reflects what is happening, why it is important and applies to financial statements that will be important to the business owner.