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[Music] now that we know what a balance sheet is what the formatting looks like and what the formula is lets reinforce our learning by actually doing one for practice so this handout is also available on canvas but you shouldnt need this since we now have a video for this so were going to use the balance sheet example from the previous slide or in this case a previous video but ill go back to that slide and show it to you and were going to prepare a balance sheet for a company called range company cleaners at the end of november and the only information we have is that they have cash of fifty thousand equipment of seven thousand accounts payable of fourteen 000 and the name of the owner is b range so therefore the name of the capital account is b range capital but we dont know what the capital amount is so now im going to back up a slide and show you the last balance sheet we did and you can use that as a format and as a guide to create your very first balance sheet so using th