ENTREPRENEURSHIP

Worksheet on Analysis of Business Transactions

Name: _____________________________________________ Section:

_________________

Instruction: Analyze the following business transactions by completing the table. Determine the effect on
the major account (increase or decrease and by how much). Then, write if Debit or Credit and the
appropriate account title. If there is no effect on the major account, write 0. You may print this file
but you have to write your answers manually. Typewritten answers shall NOT be accepted.

1. Priscilla Cancel opened a bakeshop and invested P50,000 cash and P30,000 worth of baking
equipment.
2. Taxes and licenses were paid, P5,000 in cash.
3. The business obtained a P50,000-loan from Star Bank.
4. P25,000 worth of baking supplies were bought on credit.
5. Zia Racaza bought a cake and paid P750 cash.
6. Yoonseo Kim ordered a P1,000-cake for next week and paid it in full in advance.
7. Priscilla withdraw P3,000 from the bakeshop for personal use.
8. Half of the amount owed in Transaction no. 4 was paid.
9. The bakeshop paid P7,500 for its utilities.
10. Café 101 ordered 100 cupcakes worth P50 each and promised to pay the amount the following
week.

Transactio Assets Liabilities Equity

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1

10