Saint Theresa College of Tandag, Inc.

COLLEGE OF ACCOUNTANCY
Tandag City

TASK 3
Accounting 1
October 5, 2022

JAN PEARL E. HINAMPAS BSA-1

MATRIX EXPANDED ACCOUNTING EQUATION: Supply the missing amount for each independent case.

CAS ASSETS LIABILITIES EQUITY REVENUE EXPENSE PROFIT

E
INVESTMENT WITHDRAWAL
S S
1. P 100,000 P 40,000 P60,000 P0 P0 P0 P0
2. P140,000 P 20,000 P 120,000 P0 P0 P0 P0
3. P 120,000 P40,000 P 80,000 P0 P0 P0 P0
4. P0 P0 P0 P0 P 90,000 P 60,000 P3
5. P0 P0 P0 P0 P 100,000 ? P 60,000
6. P0 P0 P0 P0 ? P 200,000 P 300,000
7. ? P 100,000 P 170,000 P 50,000 P 150,000 P 120,000 P 30,000
8. ? P 150,000 P 230,000 P 30,000 P 90,000 P 160,000 (P 70,000)
9. ? 60% P 144,000 P0 P0 P0 P0
10. P 400,000 ? 80% P0 P0 P0 P0

ESSAY

If you have the opportunity to put a business, what would it be and why?

*Note: Disregard any financial restrictions that you may have. Imagine you have the money needed to put up any
business you like. However, you need to consider the skills that currently have or skills you are willing to acquire. Such
skills can be technical (e.g., cooking skills, computer programming, art, music, mathematics, gardening, carpentry, etc.)
or non-technical (e.g. communication skills, people skills or ‘charisma’, street smart, etc.). Also, you need to consider the
things or activities that make you happy – those that motivate you, and those that you find fulfilling.

Final note: Be honest to yourself! You will be graded based on your honesty, so don’t write things just to impress me. 😊

-DONE-

“Almost every successful person begins with two beliefs: the future can be better than the present, and I have the
power to make it so.”