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hey guys in this video were going to do some transaction analysis okay so what i have set up here im using excel you can do this in google sheets you can do this on a piece of paper um it doesnt have to be fancy im just doing it in excel because its quicker and it will do the math for me um so ive got my accounts that i think im going to need set up here you know so ive got my accounting equation on top okay and then ive got a couple asset accounts and you can kind of make these as you go if youre doing this in excel you can just keep adding accounts in but ive got cash accounts receivable and computer equipment which are all assets accounts payable and notes payable for liabilities common stock and retained earnings for equity and then what i did is i put a sum at the bottom of each one of these okay so that way itll keep a running total for all my accounts and then i also put in just to make sure that my balance sheet is always in balance right to make sure my accounting