1. Smith invested P 35,000 cash to start the business 2. Purchase 350 of office supplies on account 3. Paid P30,000 to acquire land as a failure site 4. Earned service revenue and received cash of P1,900 5. Paid 100 on account 6. Paid cash expenses for rent ,400 and utilities 100 7. Sold office for cost P150. NOTE: PLEASE FOLLOW THE SAMPLE FORMAT.
Extracted text: EXAMPLE-OF-ACCOUNTING-EQUATION SAMPLE FORMAT JOH S WORT MONESS SEN HIGH s 202 20 Topic :ACCOUNTING EQUATION EXAMPLE : Problem : Luiz Tan had the following transactions. Use accounting equation to show their effect on his Assets, Liabilities, and Capital. a. Invested P15,000 b. Purchased securities for cash P7,500 c. Purchased a home for 15,000: giving P5,000 in cash and the balance through loan account. d. Sold securities costing P1,000 for P1,500 e. Purchase an old car for P2,800 f. Received cash as salary P3,600 &. Paid cash P500 for loan and P300 for interest h. Paid cash for expense P 300 i. Received cash for dividend on securities P200. ASSETS OWNER'S ASSETS LIABILITIES OWNER'S EQUITY Cash Securities Home Car Loan a 15,000 15,000 bal 15,000 15,000 (7,500) 7,500 15,000 bal 7,500 7,500 15,000 (5,000) 15,000 10,000 bal 2,500 7,500 15,000 10,000 15,000 d 1,500 1,000 500 bal 4000 6,500 15,000 10,000 15,500 (2,800) 2,800 e bal 1,200 6,500 15,000 2,800 10,000 15,500 f 3,600 3,600 bal 4,800 6,500 15,000 2,800 10,000 19,100 800 500 300 bal 4,000 6,500 15,000 2,800 9,500 18,800 h (300) (300) bal 3,700 6,500 15,000 2,800 9,500 18,500 200 200 bal 3,900 6,500 15,000 2,800 9,500 18,700 TOTAL: 28,200 TOTAL: 28,200