1. A Pest Control has assets of P600,000 and owner's equity of P450,000.

Finding for the Liabilities: Assets = Liabilities + OE

Liab. = Assets - OE

ASSETS EQUITY LIABILITIES

₱ 600,000 ₱ 450,000 ₱ 150,000

2. M Realtor's has liabilities of P530,000 and owner's equity or P410,000.

Finding for the Assets: Assets = Liabilities + OE

Assets = Liab + OE

ASSETS LIABILITIES EQUITY

₱ 940,000 ₱ 530,000 ₱ 410,000

3. F Plumbing Contractor has assets of P473,000 and liabilities of P153,700.

Finding for the OE : Assets = Liabilities + OE

OE = Assets - Liabilities

ASSETS LIABILITIES EQUITY

₱ 473,000 ₱ 153,000 ₱ 319,300

4. J Studio has liabilities of P147,000 and owner's equity of P236,500.

Finding for the Assets: Assets = Liabilities + OE

Assets = Liab + OE

ASSETS LIABILITIES EQUITY

₱ 383,500 ₱ 147,000 ₱ 236,500

5. Mon Dance has assets of P624,000 and liabilities of P237,000.

Finding for the OE : Assets = Liabilities + OE

OE = Assets - Liabilities

ASSETS LIABILITIES EQUITY

₱624,000 ₱ 237,000 ₱ 387,000
6. At the beginning of the year, the assets of Arib Services were P 360,000 and its
owner's equity was P200,000. During the year, assets increased by P120,000 and
liabilities increased by P 20,000. What was the owner's equity at the end of the year?

Asset = Liabilities + Owner's equity

ASSETS LIABILITIES EQUITY

₱ 360,000 + ₱ 120,000 ₱ 200,000 + ₱ 20,000 ₱ 260,000

= ₱ 480,000 = ₱ 220,000

7. At the beginning of the year, Cora Calling Station had liabilities of P100,000 and
owner's equity of P 96,000. If assets increased by P40,000 and liabilities decreased
by P30,000, what was the owner's equity at the end of the year?

Liabilities + Equity = Asset

ASSETS LIABILITIES EQUITY

₱ 236,000 ₱ 70,000 ₱ 166,000

8. The liabilities of C Stylist equal one-third of the total assets and the owner's
equity is P240,000. What is the amount of liabilities?

ASSETS LIABILITIES EQUITY

₱ 360,000 ₱ 120,000 ₱ 240,000