Homework Help is Here – Start Your Trial Now!
Business
Accounting
Learning Task 2 Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 P. Case 2 Case 3 P 120,000 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. 35,000 35,000 65,000 Case 3 Case 1 P 100,000 35,000 Case 2 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000

Learning Task 2 Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 P. Case 2 Case 3 P 120,000 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. 35,000 35,000 65,000 Case 3 Case 1 P 100,000 35,000 Case 2 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Practice Pack

Kindly answer please. Thank you so much

Learning Task 2: Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 Case 2 Case 3 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. P 120,000 35,000 35,000 65,000 Case 2 Case 1 P 100,000 35,000 Case 3 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000
Transcribed Image Text:Learning Task 2: Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 Case 2 Case 3 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. P 120,000 35,000 35,000 65,000 Case 2 Case 1 P 100,000 35,000 Case 3 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000
Expert Solution
trending now

Trending now

This is a popular solution!

video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Emergency Fund
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS