Barliso, Jessabel B.

Problem 5:

Assets Liabilities Equity

₱460,000 ₱190,000 ₱270,000
₱230,000 ₱160,000 ₱70,000
₱1,120,000 ₱990,000 ₱130,000
₱1,020,000 ₱610,000 ₱410,000
₱820,000 ₱580,000 ₱240,000

Problem 6:

Assets Liabilities Equity

₱460,000 ₱190,000 ₱270,000
₱230,000 ₱160,000 ₱70,000
₱1,120,000 ₱990,000 ₱130,000
₱1,020,000 ₱610,000 ₱410,000
₱820,000 ₱580,000 ₱240,000
Assets Liabilities Equity
₱780,000 ₱290,000 ₱490,000
₱990,000 ₱720,000 ₱270,000
₱1,060,000 ₱890,000 ₱170,000
₱1,420,000 ₱1,060,000 ₱360,000
₱1,920,000 ₱890,000 ₱1,030,000

Assets Liabilities Equity

₱460,000 ₱190,000 ₱270,000
₱230,000 ₱160,000 ₱70,000
₱1,120,000 ₱990,000 ₱130,000
₱1,020,000 ₱610,000 ₱410,000
₱820,000 ₱580,000 ₱240,000
Problem 7:

Assets Liabilities Equity Income Expenses

₱590,000 ₱380,000 ₱130,000 ₱210,000 ₱130,000
₱490,000 ₱280,000 ₱40,000 ₱350,000 ₱180,000
₱860,000 ₱220,000 ₱200,000 ₱360,000 ₱80,000
₱360,000 ₱160,000 ₱90,000 ₱180,000 ₱70,000
₱870,000 ₱410,000 ₱170,000 ₱480,000 ₱190,000

Problem 8:

Assets Liabilities Equity Income Expenses

₱920,000 ₱710,000 ₱290,000 ₱440,000 ₱520,000
₱870,000 ₱310,000 ₱240,000 ₱470,000 ₱150,000
₱890,000 ₱240,000 ₱240,000 ₱600,000 ₱190,000
Barliso, Jessabel B.
₱740,000 ₱530,000 ₱170,000 ₱1,900,000 ₱1,860,000
₱1,440,000 ₱780,000 ₱470,000 ₱680,000 ₱490,000

Problem 9:

Example: You invested ₱100 cash on from your personal savings to your business.

Assets Liabilities Equity

₱100 ₱100

1. You found additional ₱20 underneath your pillow. You invested this amount to your
business.

Assets Liabilities Equity

₱120 ₱120
2. Your business obtained a loan of ₱500

Assets Liabilities Equity

₱620 ₱500 ₱120

3. Your business earned income of ₱2,000 during the period. The income did not affect your
liabilities.

Assets Liabilities Equity

₱620 ₱500 ₱120
+₱2000 ₱500 +₱2000
=₱2620 ₱500 =₱2120

4. Your business incurred expenses ₱800 during the period. Your expenses did not affect your
liabilities.

Assets Liabilities Equity

₱2620 ₱500 ₱2120
-₱800 ₱500 -₱800
= ₱1820 ₱500 = ₱1320
Barliso, Jessabel B.
5. Get the totals of the assets, liabilities and equity, including the EFFECTS of the given
example. Check the accounting equations if balanced.

Assets Liabilities Equity

₱100 ₱100
+₱20 +₱20
₱120 ₱120
₱620 ₱500 ₱120
+₱2000 ₱500 +₱2000
₱2620 ₱500 ₱2120
-₱800 ₱500 -₱800
₱1820 ₱500 ₱1320

Problem 13:

(3)

Assets Liabilities Equity

₱120M ₱75M ₱45M
-₱20M +₱25M
₱125M ₱55M ₱70M
Answer: Ending total assets = (₱55M liabilities, ending + ₱70M equity, ending = ₱125M)

Rechecking:

Assets Liabilities Equity

₱105M ₱55M ₱70M

(4)

Assets Liabilities Equity

₱140M ₱90M ₱50M
-₱40M +₱25M
₱125M ₱50M ₱75M
Answer: Ending total assets = (₱50M liabilities, ending + ₱75M equity, ending = ₱125M)

Rechecking:

Assets Liabilities Equity

₱125M ₱50M ₱75M

(5)

Assets Liabilities Equity

₱100M ₱60M
₱30M
Barliso, Jessabel B.
₱130M ₱60M ₱70M
Answer: Ending total equity = (₱130M asset, equity + ₱60M Liabilities, equity = ₱70M)

Rechecking:

Assets Liabilities Equity

₱130M ₱60M ₱70M