May someone please show me the accounting equation and financial position for this? Thank you in advance. Sam Kilby, a business graduate student who was working as a mere employee in a company called Think Computer,decided to become an entrepreneur and put up an internet café. The following are the transactions for the start up transactionsfor March:1Sam started an internet shop called “Dotahan" by investing his savings of P50,000 and the proceeds from the saleof his car which amounted to P300,000.Sam hired two workers to assist him in the shop for a monthly salary of P6,000 each workerLessor (owner) of the property where the shop is located required Sam to pay two months rent deposit in cashHe paid cash of P8,000 for furniture bought from Alexis Furniture StoreHe bought an aircon unit from Abbe Appliances for P45,000 promising to pay the account within three monthsHe purchased supplies and paid cash of P1,500The shop was ready for the installation of the computed units. Sam purchased 12 units of computer hardware fromThink PC. He paid 50% cash P125,000 and a note for the balance payable in 24 monthly installments starting April5101518202525.

Name: May someone please show me the accounting equation and financial posit
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Description: May someone please show me the accounting equation and financial position for this? Thank you in advance. Sam Kilby, a business graduate student who was working as a mere employee in a company called Think Computer,decided to become an entrepreneur a

Accounting equation of the business says that total assets in the business must always equal to…

Answered: May someone please show me the…

Business

Accounting

May someone please show me the accounting equation and financial position for this? Thank you in advance.

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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