DEPARTMENT OF EOUCATIONDIVISION OF LIPAA 75%i12:04EDUCATIONOFDepEd Schools Division of Lipa City| CityDEPARTMENT1968*DIVISIONELMS Delivery Platform v2.0*LIPA CITYindicate whether the assets, liabilities, and equity will be increased,decreased, or no effect.Transaction|1 Purchased supply on a cashAssetsLiabilityEquityBorrowed cash from a bank3Paid utility expense5Sold merchandise for cash4Received cash from a customerActivity 4Problem SolvingBelow is a situation to show how the accounting equation will be affected.You are tasked to determine the assets, liabilities, equity, revenue, andexpenses.The initial investment of the owner in his business is cash of P100,000.00. Atthe end of each year, the total assets of the business amounted toP125,000.00 this consists of P75,000.00 cash. On the first month of itsoperations, the owner purchased an equipment worth P50,000 she paidP30,000 as a down payment and the rest will be paid in the succeedingPIVOTLEARNER'S PACKET (LeaP)KS4month. She received P10,000.00 cash from its client and paid an expense ofP4,000.00. Show how the transactions affect the accounting equation.Assets =Liability + EquityExpensesRevenueV. ASSESSMENT(Learning Activity SheetsEnrichment, RemediationAssessment to be given on Weeks3 and 6)VI. REFLECTION10 minsAnswer Exercises 6-9 number 2 on page 60 of your Textbook. Write youranswer in your notebook.fororYou will communicate the explanation of your personal assessmentas indicated in the Learner's Assessment Card.You will write your personal insights about the lesson using theprompts below.I understand thatI realize thatI need to learn more about5 minsChecked by: Dr. Josephine Canlas, Adara G. del Mundo,Cherrie LogatocPrepared by: Eva C. Topacio, SDO Imus CityGo Back

Hi student Since there are multiple questions, we will answer only first question. Accounting…

indicate whether the assets, liabilities, and equity will be increased, decreased, or no effect. 1 2 3 4 5 Transaction Purchased supply on a cash Borrowed cash from a bank Sold merchandise for cash Paid utility expense Received cash from a customer Assets Liability Equity

indicate whether the assets, liabilities, and equity will be increased, decreased, or no effect. 1 2 3 4 5 Transaction Purchased supply on a cash Borrowed cash from a bank Sold merchandise for cash Paid utility expense Received cash from a customer Assets Liability Equity

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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