2 of 8 Working Papers for Section Problems Problem 3-1 Balancing the Accounting Equation (textbook p. 56) Assets Owner's Equity 1 2 3 4 5 6 7 8 9 $17,000 $10,000

$ 8,000 $20,000 $30,000 $22,000 10 $25,000 11 12 $ 7,500 Date = Liabilities $ 7,000 $ 6,000 $9,000 $ 2,000 $ 7,000 $12,000 $1,000 $ 5,000 $10,000 + + + + + + + + + + + + Class + $20,000 $ 7,000 $17,000 $ 4,000 $22,000 $25,000 $ 3,000