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  • Accounting Equation Removal

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    Garcia invested cash and started a new business. Throughout August, various transactions occurred including purchasing equipment, supplies, completing jobs, receiving payments, and paying bills. An accounting equation was set up to track assets, liabilities, owner's equity, and changes over time including Garcia's capital contribution and withdrawals. A remediation plan was also prepared to help learners who struggled in business mathematics class during the first semester.

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    ACCOUNTING EQUATION

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    accounting equation removal

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    Garcia invested cash and started a new business. Throughout August, various transactions occurred including purchasing equipment, supplies, completing jobs, receiving payments, and paying bills. An accounting equation was set up to track assets, liabilities, owner's equity, and changes over time including Garcia's capital contribution and withdrawals. A remediation plan was also prepared to help learners who struggled in business mathematics class during the first semester.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views3 pages

    Accounting Equation Removal

    Uploaded by

    labsaviles
    Garcia invested cash and started a new business. Throughout August, various transactions occurred including purchasing equipment, supplies, completing jobs, receiving payments, and paying bills. An accounting equation was set up to track assets, liabilities, owner's equity, and changes over time including Garcia's capital contribution and withdrawals. A remediation plan was also prepared to help learners who struggled in business mathematics class during the first semester.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    Republic of the Philippines

    Department of Education
    REGION X – NORTHERN MINDANAO
    DIVISION OF LANAO DEL NORTE
    BALO-I NATIONAL HIGH SCHOOL
    ACHACOSO DRIVE, MARIA CRISTINA, BALO-I, LANAO DEL NORTE

    ACCOUNTING EQUATION

    DATE TRANSACTION
    AUGUST
    1 Garcia invested P48,000 cash in the business.
    Rented office space and paid P800 cash for the August rent.
    3 Purchased exploration equipment for P22,000 by paying P12,000 cash
    and agreeing to pay the balance in 3 months.
    5 Purchased office supplies by paying P1,500 cash.
    6 Completed exploration work and immediately collected P420 cash for the
    work.
    8 Purchased P1,350 of office equipment on credit.
    15 Completed exploration work on credit in the amount of P8,000.
    18 Purchased P700 of office supplies on credit.
    20 Paid cash for the office equipment purchased on August 8.
    24 Billed a client P2,400 for work completed; the balance is due in 30 days.
    28 Received P5,000 cash for the work completed on August 15.
    30 Paid the assistant’s salary of P1,100 cash for this month.
    30 Paid P340 cash for this month’s utility bill.
    30 Garcia withdrew P1,050 cash from the business for personal use.

    Date ASSETS LIABILITIE OWNER’S EQUITY


    S

    Cash Rent Equipment Supplies Accounts Accounts Garcia’s Garcia’s Revenue Expense
    Receivable payable Withdrawal Capital

    BALO-I NATIONAL HIGH SCHOOL


    Achacoso Drive, Maria Cristina, Balo-i National High School
    Tel. No. (063) 223-6261
    Email: 303998baloinhs@gmail.com
    Republic of the Philippines
    Department of Education
    REGION X – NORTHERN MINDANAO
    DIVISION OF LANAO DEL NORTE
    BALO-I NATIONAL HIGH SCHOOL
    ACHACOSO DRIVE, MARIA CRISTINA, BALO-I, LANAO DEL NORTE

    ACTION PLAN

    Prepared by: LOVELYN V. AVILES


    Teacher II

    Approved by: DANILO C. ANTICANMARA


    Secondary School Principal

    LEARNERS GIVEN REMEDIATION


    Business Mathematics
    First Semester, SY 2021-2022

    BALO-I NATIONAL HIGH SCHOOL


    Achacoso Drive, Maria Cristina, Balo-i National High School
    Tel. No. (063) 223-6261
    Email: 303998baloinhs@gmail.com
    Republic of the Philippines
    Department of Education
    REGION X – NORTHERN MINDANAO
    DIVISION OF LANAO DEL NORTE
    BALO-I NATIONAL HIGH SCHOOL
    ACHACOSO DRIVE, MARIA CRISTINA, BALO-I, LANAO DEL NORTE

    BALO-I NATIONAL HIGH SCHOOL


    Achacoso Drive, Maria Cristina, Balo-i National High School
    Tel. No. (063) 223-6261
    Email: 303998baloinhs@gmail.com

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