Description
Start by reading and following these instructions:
Quickly skim the questions or assignment below and the assignment rubric to help you focus.
Read the required chapter(s) of the textbook and any additional recommended resources. Some answers may require you to do additional research on the Internet or in other reference sources. Choose your sources carefully.
Consider the course discussions so far and any insights gained from it.
Create your Assignment submission and be sure to cite your sources if needed, use APA style as required, and check your spelling.
Assignment:
Use the Accounting Equation Spreadsheet and video in the Additional Resources for this module to assist you with the assignment.
On Aug 1, 2021, John Smith began his computer service business. Please record the transactions below into the basic accounting equation. You can use the attached Excel file above for help.
Invested $4,500 of his savings into the business
Acquired $10,000 in loans
Paid August rent, $400
Repaired a system for a customer and collected $250
Collected $200 for system upgrade labor charge from a customer
Electric bill paid $85
Collected $1,200 for services performed on Taylor Golf computers
Write a summary describing what you did in this assignment
Record audio and video showing your work (approximately 6-8 minutes).
Assignment Expectations
Length: 6-8 minute video; answers must thoroughly address the questions in a clear, concise manner
Structure: Include a title page and reference page in APA style. These do not count toward the minimum word amount for this assignment.
References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. Include at least three (3) scholarly citations to support your claims.
Format: Save your assignment as a .mp4 or provide the link to the video on YouTube
