Problem 1

Assets Liabilities Owner’s Equity

Date
Dimaculangan, Dimaculangan,
Cash Office Supplies Land Accounts Payable Capital Drawings Service Income Rent Expense Utilities Expense
2018 ₱ 600,000.00 ₱ 600,000.00
1
Jul.
2 ₱ 5,000.00 ₱ 5,000.00
2 (400,000.00) ₱ 400,000.00
7 (1,000.00) (1,000.00)
17 No effect.
29 (9,800.00) (₱ 9,800.00)
31 19000.00 ₱ 19,000.00
31 (4,000.00) (₱ 4,000.00)
Bal. ₱ 204,200.00 ₱ 5,000.00 ₱ 400,000.00 ₱ 4,000.00 ₱ 600,000.00 ₱ 19,000.00 (₱ 4,000.00) (₱ 9,800.00)

Assets = Liabilities + Owner's Equity

₱ 609,200.00 ₱ 4,000.00 ₱ 605,200.00
₱ 609,200.00 ₱ 609,200.00
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Problem 2
Assets Liabilities Owner’s Equity
Date Furniture and Nepomuceno,
Cash Accounts Receivable Office Equipment Prepaid Rent Automobile fixtures Library books Accounts Payable Notes Payable Capital Service Income Salaries Expense Advertising Expense Fuel and oil Utilities Expense
2018
Jan. 1 ₱ 200,000.00 ₱ 200,000.00
1 No effect
2 (14,000.00) ₱ 14,000.00
3 (12,700.00) ₱ 12,700.00
4 (6,500.00) ₱ 6,500.00
4 (5,000.00) (₱ 5,000.00)
4 ₱ 210,000.00 ₱ 210,000.00
4 (12,000.00) (₱ 12,000.00)
5 (3,000.00) 13,000.00 ₱ 10,000.00
5 10,000.00 ₱ 10,000.00
15 (7,500.00) (₱ 7,500.00)
15 4,800.00 ₱ 4,800.00
16 (5,000.00) (5,000.00)
16 ₱ 12,000.00 12,000.00
27 (14,000.00) ₱ 14,000.00
28 2,000.00 (2,000.00)
29 No effect.
29 (5,000.00) 5,000.00
31 (4,578.00) (₱ 4,578.00)
Bal. ₱ 122,722.00 ₱ 12,000.00 ₱ 25,700.00 ₱ 14,000.00 ₱ 210,000.00 ₱ 12,000.00 ₱ 16,300.00 ₱ 205,000.00 ₱ 10,000.00 ₱ 204,800.00 ₱ 22,000.00 (₱ 7,500.00) (₱ 5,000.00) (₱ 12,000.00) (₱ 4,578.00)

Assets = Liabilities + Owner's Equity

₱ 412,722.00 ₱ 215,000.00 ₱ 197,722.00
₱ 412,722.00 ₱ 412,722.00
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Problem 4
Assets Liabilities Owner’s Equity
Date Miscellaneous
Cash Accounts Receivable Supplies Office Equipment Service Vehicle Accounts Payable Notes Payable Bobadilla, Capital Bobadilla, Drawings Professional Fees Rent Expense Insurance Expense Utilities Expense Fuel and oil Expense Salaries Expense
2018
1 ₱ 1,500,000.00 ₱ 1,500,000.00
Mar.
1 (200,000.00) ₱ 770,000.00 ₱ 570,000.00
2 ₱ 250,000.00 ₱ 250,000.00
5 (8,000.00) ₱ 8,000.00
6 190,000.00 ₱ 190,000.00
8 (200,000.00) (200,000.00)
10 (3,120.00) (₱ 3,120.00)
15 (200,000.00) (200,000.00)
18 (15,000.00) (₱ 15,000.00)
20 ₱ 490,000.00 490,000.00
31 (25,000.00) (₱ 25,000.00)
31 (1,000.00) (₱ 1,000.00)
31 (18,000.00) (₱ 18,000.00)
Bal. ₱ 1,019,880.00 ₱ 490,000.00 ₱ 8,000.00 ₱ 250,000.00 ₱ 770,000.00 ₱ 50,000.00 ₱ 370,000.00 ₱ 1,500,000.00 ₱ 680,000.00 (₱ 25,000.00) (₱ 1,000.00) (₱ 15,000.00) (₱ 3,120.00) (₱ 18,000.00)

Assets = Liabilities + Owner's Equity

₱ 2,537,880.00 ₱ 420,000.00 ₱ 2,117,880.00
₱ 2,537,880.00 ₱ 2,537,880.00
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