in cash.4. The company purchased supplies on account amounting to 5.0005. The owner withdrew cash of PHP15.000 or the business incurred PHP15.000 expenses and paidin cash.6. Paid liabilities worth PHP53.000.7. The owner withdrew supplies worth PHPS.000 or the business used supplies worth PHPS.000.WPS Office EXERCISE 6Direction: Supply the amount using the transaction below. Using the basic accounting equation (Asset -Liabilities + Owner's Equity), the ending balance should be equalASSETSDATELIABILITIESOWNER'S EQUITYCASHSUPPLYEQUIPMENTBEGINNING60.0007.500300.00075.000292.500BALANCE1150.000150.000(20.000)20.00046BALANCESENDINGBALANCETransactions:1. The owner invested cash of PHP150.000 or the business earned PHP150.000 cash from providingservices.2. Purchased equipment at PHP20.000 for cash.3. The owner withdrew cash of PHP112.500 or the business incurred PHP112.500 expenses and paid

Name: in cash.4. The company purchased supplies on account amounting to 5.0
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Description: in cash.4. The company purchased supplies on account amounting to 5.0005. The owner withdrew cash of PHP15.000 or the business incurred PHP15.000 expenses and paidin cash.6. Paid liabilities worth PHP53.000.7. The owner withdrew supplies worth PHPS.

THE basic of account forms the accounting question in which the total assets equal some of…

Business

Accounting

4. The company purchased supplies on account amounting to 5.000 5. The owner withdrew cash of PHP15.000 or the business incurred PHP15.000 expenses and paid in cash. 6. Paid liabilities worth PHP53.000. 7. The owner withdrew supplies worth PHPS.000 or the business used supplies worth PHPS.000.

4. The company purchased supplies on account amounting to 5.000 5. The owner withdrew cash of PHP15.000 or the business incurred PHP15.000 expenses and paid in cash. 6. Paid liabilities worth PHP53.000. 7. The owner withdrew supplies worth PHPS.000 or the business used supplies worth PHPS.000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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