Problem 4

a. At the beginning of the year, the assets of Cleofe Arib Services were P360,000 and its
owner’s equity was P200,000. During the year, assets increased by P120,000 and liabilities
increased by P20,000. What was the owner’s equity at the end of the year? =300,000

Problem 5

Requirement no.1
5. Ang customer ay kinakailangan magbayad na nagkakahalang ₱55,200.

8. Nakatanggap ng pera/cash mula kay customer at ang paraan ng pagbabayad ay on account

na nagkakahalagang ₱25,440.

9. Natukoy na ang meron nalang na supplies nasa kanila ay naghahalagang ₱1,440 kung kaya
ang ₱4,560 halaga ng kagamitan ay nagamit ngayong buwan