(04-24-23) Basic Accounting Equation

Received cash from Allan Cruz, owner, as an investment, PHP 20,000.

• Increase in assets

  Increase in equity

• Decrease in assets

  Decrease in equity

• Increase in assets

  Decrease in equity

Received cash from Allan Cruz, owner, as an investment, PHP 20,000.

• Cash PHP 20,000

  Capital (PHP 20,000)

• Cash (PHP 20,000)

  Capital (PHP 20,000)

• Cash PHP 20,000

  Capital PHP 20,000

Bought supplies on account from Santos' Supply Company, PHP 1,000.

• Increase in assets

  Decrease in assets

• Increase in assets

  Increase in liabilities

• Increase in assets

  Increase in equity

Bought supplies on account from Santos' Supply Company, PHP 1,000.

• Cash (PHP 1,000)

  Supplies PHP 1,000

• Supplies PHP 1,000

  Account Payable PHP 1,000

• Supplies PHP 1,000

  Account Payable (PHP 1,000)

Paid cash for supplies, PHP500.00.

• Cash (PHP 500)

  Supplies PHP 500

• Supplies PHP 500

  Account Payable PHP 500

• Supplies PHP 500

  Capital (PHP 500)

Paid cash for supplies, PHP500.00.

• Increase in assets

  Increase in liabilities

• Increase in assets

  Increase in equity

• Increase in assets

  Decrease in assets

Paid cash for rent, PHP 750.00.

• Increase in assets

  Increase in liabilities

• Decrease in assets

  Decrease in equity

• Increase in assets

  Increase in equity

Paid cash for rent, PHP 750.00.

• Cash PHP 750

  Rent Expense PHP 750

• Cash (PHP 750)

  Rent Expense PHP 750

• Cash (PHP 750)

  Rent Expense (PHP 750)

Received cash from sales, PHP 1,800.

• Cash PHP 1,800

  Sales Revenue PHP 1,800

• Cash PHP 1,800

  Sales Revenue (PHP 1,800)

• Cash (PHP 1,800)

  Sales Revenue (PHP 1,800)

Received cash from sales, PHP 1,800.

• Increase in assets

  Increase in liabilities

• Decrease in assets

  Decrease in equity

• Increase in assets

  Increase in equity