Activity in FABM1_Acounting Equation

ACTIVITY IN FABM1_ACCOUNTING EQUATION

Show the effects on the accounting equation. Wri te + for increase, - for de crease, and NC for No C hange.

TRANSACTION

1. Niko opened a dental clinic by investing 1 million pesos.

ASSET

LIABILITY

OWNER'S EQUITY

TRANSACTION

2. Borrowed Php100,000 from Bank Rpt Bank.

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OWNER'S EQUITY

TRANSACTION

!. "nvested a dental chair worth Php!00,000.

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OWNER'S EQUITY

TRANSACTION

#. Boght from $ %o. tables worth Php&0,000. Paid Php10,000 cash and the balance on accont.

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OWNER'S EQUITY

TRANSACTION

'. (ithdrew Php),000 for personal se.

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OWNER'S EQUITY

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*. Prchased cabinets for Php1',000 in cash.

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OWNER'S EQUITY

TRANSACTION

&. Paid his accont to $ %o. in fll.

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LIABILITY

OWNER'S EQUITY

Jerome Garcia started a new business an d completed these transactions during Au gust:

1. +he owner invested cash of PP1'0, 000. 2. Prchased e-ipment at PP20,000 for cash. !. +he bsiness incrred PP112,'00 e penses and paid in cash. #. +he company prchased spplies on accont amonting to Php'!,000. '. +he owner withdrew cash of PP1', 000. *. Paid liabilities worth PP'!,000. & +h

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