The Accounting Equation—Balance Sheet Accounts

This assignment is an opportunity for you to practice evaluating how basic transactions affect the accounting equation. The focus of this assignment is on balance sheet accounts. A different assignment will give you practice evaluating how changes in income statement accounts affect the accounting equation.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

• Drop-Down Lists (1.10)