ASSESSMENT

ePA 313 - 2

State the effects of the following transactions on the assets, liabilities and capital
by placing a plus (+) sign and a minus (-) sign on the spaces provided for. (20
points)

Transactions Assets Liabilities Equity

1. Invested cash and equipment.

2. Collected cash from a customer.

3. Purchased additional equipment on

credit.

4. Paid the assistants salary.

5. Billed a customer for services

rendered.
6. Paid the telephone bill.

7. Paid the account due in number 3.

8. Purchased supplies for cash.

9. Received payment from customer in

number 5.

10. Withdrew cash from the

business for personal use.

Date Developed:
Bulacan
BACHELOR OF SCIENCE June 2020
Polytechnic Page 1 of 1
IN INFORMATION Date Revised:
College
SYSTEMS July 2020
ePA 313 Developed by:
Document No.
Principle of Accounting Sarah Joy Dumalay Revision # 02
10-ePA 313
Martin