Effects of transactions to the accounting equation.4 REQUIRED: Determine the effect of each transaction to the accounting equation using the table provided below:6 In June 2021, A.B. Mahusay established a photocopying business. Transactions that transpired during the month follow:AB Mahusay invested #200,000 cash in his business named Mahusay Photocopying Center.Paid P2,000 for the municipal permit.71893Paid store rent for the month $10,000.Bought photocopying supplies consisting of bond papers, staple wires, staplers, and the like for cash, P25,000.Bought 2 photocopying equipment for P75,000 each on account from Office Warehouse.Received cash for photocopying services earned for #42,800.Paid P50,000 to Office Warehouse as partial payment to the photocopying equipment.Received and paid the bill for water and electricity, P7,400.Paid monthly salary of employees P13,300.1041112613714151617ASSETS=LIABILITIES +EQUITYTran #ABMahusayRevenues (Expenses)CashSupplies EquipmentPayablePts.18Сapital2191.202.+2212224223+224257.268.+2276.28 Totals+292530midterm part 2duplicate+)Ready* Accessibility: InvestigateO Type here to searchF2Co)EscF1F3F4F5F6

In the accounting equation, the asset side equals liabilities and shareholders equity The…

he municipal permit. or the month P10,000. pying supplies consisting of bond papers, staple wires, staplers, copying equipment for 75,000 each on account from Office Ware or photocopying services earned for #42,800.

he municipal permit. or the month P10,000. pying supplies consisting of bond papers, staple wires, staplers, copying equipment for 75,000 each on account from Office Ware or photocopying services earned for #42,800.

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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Question

Effects of transactions to the accounting equation.
4 REQUIRED: Determine the effect of each transaction to the accounting equation using the table provided below:
6 In June 2021, A.B. Mahusay established a photocopying business. Transactions that transpired during the month follow:
AB Mahusay invested #200,000 cash in his business named Mahusay Photocopying Center.
Paid P2,000 for the municipal permit.
7
1
8
9
3
Paid store rent for the month $10,000.
Bought photocopying supplies consisting of bond papers, staple wires, staplers, and the like for cash, P25,000.
Bought 2 photocopying equipment for P75,000 each on account from Office Warehouse.
Received cash for photocopying services earned for #42,800.
Paid P50,000 to Office Warehouse as partial payment to the photocopying equipment.
Received and paid the bill for water and electricity, P7,400.
Paid monthly salary of employees P13,300.
10
4
11
12
6
13
7
14
15
16
17
ASSETS
=LIABILITIES +
EQUITY
Tran #
ABMahusay
Revenues (Expenses)
Cash
Supplies Equipment
Payable
Pts.
18
Сapital
2
19
1.
20
2.
+
2
21
2
22
4
2
23
+
2
24
25
7.
26
8.
+
2
27
6.
28 Totals
+
29
25
30
midterm part 2
duplicate
+)
Ready
* Accessibility: Investigate
O Type here to search
F2
Co)
Esc
F1
F3
F4
F5
F6

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