Transaction Assets Liability Owner’s Equity

Cash + Supplies + Land = Accounts + Corpuz, Capital

Payable
1. Organized a repair shop and deposited P500,000 P500,000 + + = + P500,000
cash in the bank for use by the business.
2. Purchased P20,000 of supplies on account. + P20,000 + = P20,000 +
Balance: P500,000 + P20,000 + = P20,000 + P500,000
3. Purchased land for future repair site for P140,000 (P140,000) + + P140,000 = +
cash.
Balance: P360,000 + P20,000 + P140,000 = P20,000 + P500,000
4. Paid P18,000 to creditors. (P18,000) + + = (18,000) +
Balance: P342,000 + P20,000 + P140,000 = P2,000 + P500,000
5. Withdrew P25,000 for personal use. (P25,000) + + = + (P25,000) W
Balance: P317,000 + P20,000 + P140,000 = P2,000 + P475,000
6. Paid P28,000 for site and equipment rent for the (P28,000) + + = + (P28,000) E
month.
Balance: P289,000 + P20,000 + P140,000 = P2,000 + P447,000
7. During the month, P10,000 expenses were incurred + + = P10,000 + (P10,000) E
on account by the business.
Balance: P289,000 + P20,000 + P140,000 = P12,000 + P437,000
8. During the month, Corpuz invested another P100,000 + + = + P100,000 IV
P100,000 of personal funds in the business.
Balance: P389,000 + P20,000 + P140,000 = P12,000 + P537,000
9. Received P5,000 for a cash service call. P5,000 + + = + P5,000 I
Balance: P394,000 + P20,000 + P140,000 = P12,000 + P542,000
10. Corpuz used P6,000 worth of supplies. + (P6,000) + = + (P6,000) E
Balance: P394,000 + P14,000 + P140,000 = P12,000 + P536,000
548,000 = P12,000 + P536,000
 Transaction Assets Liability OE

Cash + Supplies + Land = Accounts + Corpuz, Capital

Payable
1. Organized a repair shop and deposited P500,000 cash in the bank for 500,000 + + = + 500,000
use by the business.
2. Purchased P20,000 of supplies on account. + 20,000 + = 20,000 +

3. Purchased land for future repair site for P140,000 cash. (140,000) + + 140,000 = +
4. Paid P18,000 to creditors. (18,000) + + = (18,000) +
5. Withdrew P25,000 for personal use. (25,000) + + = + (25,000)

6. Paid P28,000 for site and equipment rent for the month. (28,000) + + = + (28,000)
7. During the month, P10,000 expenses were incurred on account by the + + = 10,000 + (10,000)
business.

8. During the month, Corpuz invested another P100,000 of personal funds 100,000 + + = + 100,000
in the business.

9. Received P5,000 for a cash service call. 5,000 + + = + 5,000

10. Corpuz used P6,000 worth of supplies. + (6,000) + = + (6,000)

394,000 + 14,000 + 140,000 = +

548,000 = 12,000 + 536,000

P548,000 = P548,000
 Assets Liabilities Owner’s Equity
Cash + Supplies + Land = Accounts + Corpuz, Withdrawals Income Expense Investment
Payable Capital
Organized a repair shop + + = +
and deposited P500,000 P500,000 P500,000
cash in the bank for use by
the business.
Purchased P20,000 of + P20,000 + = P20,000 +
supplies on account.

Bal. P500,000 + P20,000 + = P20,000 + P500,000

Purchased land for future (P140,000) + + P140,000 = +
repair site for P140,000
cash.
Bal. P360,000 + P20,000 + P140,000 = P20,000 + P500,000
Paid P18,000 to creditors. (18,000) + + = (18,000) +

Bal. P342,000 + P20,000 + P140,000 = 2,000 + P500,000

Withdrew P25,000 for (25,000) + + = +
personal use.
Bal. P317,000 + P20,000 + P140,000 = P2,000 + P500,000
Paid P28,000 for site and (P28,000) + + = + P28,000
equipment rent for the
month.
Bal. P289,000 + P20,000 + P140,000 = P2,000 + P500,000
During the month, P10,000 + + = 10,000 + (P25,000) P10,000
expenses were incurred on
account by the business.
Bal. P289,000 + P20,000 + P140,000 = P12,000 + P500,000 (P25,000) P38,000
During the month, Corpuz 100,000 + + = + P100,000
invested another P100,000
of personal funds in the
business.

Bal. P389,000 + P20,000 + P140,000 = P12,000 + P500,000 (P25,000) P38,000 P100,000

Received P5,000 for a cash P5,000 + + = + P5,000
service call.
Bal. P394,000 + P20,000 + P140,000 = P12,000 + P500,000 (P25,000) P5,000 P38,000 P100,000
Corpuz used P6,000 worth + (P6,000) + = + P6,000
of supplies.
Bal. P394,000 + 14,000 + P140,000 = 12,000 + 500,000 (25,000) 5,000 (44,000) P100,000
P548,000 = P12,000 + P536,000
Assets Liabilities Owner’s Equity
Cash + Supplies + Land = Accounts + Corpuz,
Payable Capital
Organized a repair shop + + = + 500,000
and deposited P500,000 P500,000
cash in the bank for use by
the business.
Purchased P20,000 of + P20,000 + = P20,000 +
supplies on account.

Bal. P500,000 + P20,000 + = P20,000 +

Purchased land for future (P140,000) + + P140,000 = +
repair site for P140,000
cash.
Bal. P360,000 + P20,000 + P140,000 = P20,000 +
Paid P18,000 to creditors. (18,000) + + = (18,000) +

Bal. P342,000 + P20,000 + P140,000 = 2,000 +

Withdrew P25,000 for (25,000) + + = + (25,000)
personal use.
Bal. P317,000 + P20,000 + P140,000 = P2,000 +
Paid P28,000 for site and (P28,000) + + = + (28,000)
equipment rent for the
month.
Bal. P289,000 + P20,000 + P140,000 = P2,000 +
During the month, P10,000 + + = 10,000 + (10,000)
expenses were incurred on
account by the business.
Bal. P289,000 + P20,000 + P140,000 = P12,000 +
During the month, Corpuz 100,000 + + = + 100,000
invested another P100,000
of personal funds in the
business.
Bal. P389,000 + P20,000 + P140,000 = P12,000 +
Received P5,000 for a cash P5,000 + + = + 5,000
service call.
Bal. P394,000 + P20,000 + P140,000 = P12,000 +
Corpuz used P6,000 worth + (P6,000) + = + (6,000)
of supplies.
Bal. P394,000 + 14,000 + P140,000 = 12,000 +
P548,000 = P12,000 + P536,000