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 decided to begin his own computer service business. Please record 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).
M1 Assignment UMBO – 2, 4
M1 Assignment PLG – 1, 2, 3
M1 Assignment CLO – 1, 8, 9

Instructions & Specifications
Submissions
Rubric
Start by reading and following these instructions:
Study 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 discussion and the any insights you gained from it.
Review the assignment rubric and the specifications below to ensure that your response aligns with all assignment expectations.
Create your assignment submission and be sure to cite your sources, use APA style as required, and check your spelling.
The following specifications are required for this assignment:
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.
Filename: Name your saved file according to your FirstInitialLast Name_CourseID_ModuleNumber (for example, “RHall_EDD820_M1.docx”)
After completing the assignment above, select the link below to access the next module overview.