Complete this task using the provided Excel spreadsheet, listed as a resource below

Challenge 1-Task 1

Task 1: At the end of the year, Sophia provides you with a list of accounts and their balances. You must place these accounts and their balances into the accounting equation to show her how they can be classified as assets, liabilities, and owner’s equity.
Sisters, Capital 15,000
Utilities Expense 450
Cleaning Revenue 7,500
Cash 5,900
Building 10,000
Sisters, Withdrawal 2,000
Accounts Payable 400
Wages Expense 2,125
Cleaning Supplies 550
Insurance Expense 800
Cleaning supplies expense 800
Miscellaneous Expense 275
ANSWER
Assets Liabilities Owner’s Equity
Total – 0 0 – 0