MYBREAKEVEN • Published November 6, 2026

Assets, Liabilities and Equity: Accounting Equation Examples — working record

Original fictional USD case. This worksheet does not automatically calculate. Edit the blank cells, then print or save your completed copy before closing. Fields are not uploaded or saved by this page.

Completed teaching case

Reconciled case from the guide
Transaction	Total assets	Total liabilities	Equity
Owner invests $18,000	$18,000	$0	$18,000
Borrow $6,000	$24,000	$6,000	$18,000
Buy $5,000 equipment for cash	$24,000	$6,000	$18,000
Earn and invoice $4,000 service	$28,000	$6,000	$22,000
Collect $2,500 of that invoice	$28,000	$6,000	$22,000
Incur $1,200 unpaid expense	$28,000	$7,200	$20,800
Pay $700 of the expense	$27,300	$6,500	$20,800
Owner withdraws $800	$26,500	$6,500	$20,000

Your evidence and assumptions

Business / preparerReporting date or horizonCurrency / accounting basisEvidence referencesReviewer / next review date

Your working record — replace each cell
Transaction / evidence	Asset change	Liability change	Equity change	Balance check
Enter record 1	Enter value	Enter value	Enter value	Enter value
Enter record 2	Enter value	Enter value	Enter value	Enter value
Enter record 3	Enter value	Enter value	Enter value	Enter value
Enter record 4	Enter value	Enter value	Enter value	Enter value
Enter record 5	Enter value	Enter value	Enter value	Enter value

Reconciliation / independent calculationUnresolved issue, action owner, deadline and stop / escalation condition

Check amounts, dates, scope and source documents independently. Planning education; not accounting, legal, tax or lending advice.

Read the full method and limitations