Business Transaction Analysis

Atty. Jen Campaniero began the practice of law by investing ₱500,000 in cash.

• increase in assets = increase in capital

• increase in liabilities = increase in capital

• increase in assets = increase in liabilities

• decrease in assets = decrease in liabilities

Paid monthly rental of the office space ₱20,000.

• increase in assets = increase in capital

• increase in liabilities = increase in assets

• decrease in assets = decrease in capital

• decrease in assets = decrease in liabilities

Purchased office equipment, ₱50,000 and office supplies, ₱10,000 for cash.

• increase in assets = increase in capital

• increase in one form of asset = decrease in another form of asset

• increase in assets = decrease in capital

• increase in assets = increase in liabilities

Completed legal work for Jenie Rose Blak and collected ₱30,000 cash.

• increase in assets = increase in capital

• increase in assets = increase in liabilities

• increase in one form of asset = decrease in another form of asset

• increase in liabilities = increase in assets

Purchased additional office equipment from Tagig Marketing on credit, ₱50,000.

• increase in assets = increase in capital

• increase in assets = increase in liabilities

• decrease in assets = decrease in capital

• decrease in assets = decrease in liabilities

Paid the monthly salary of the office secretary, ₱15,000.

• increase in assets = increase in capital

• increase in assets = increase in liabilities

• decrease in assets = decrease in capital

• decrease in assets = decrease in liabilities

Completed legal work for Pedro Dimautangan on credit, ₱20,000.

• increase in assets = increase in capital

• decrease in assets = decrease in capital

• increase in assets = increase in liabilities

• decrease in assets = decrease in liabilities

Paid one-half of the amount due to Tagig Marketing.

• increase in assets = increase in capital

• increase in assets = increase in liabilities

• decrease in assets = decrease in liabilities

• decrease in assets = decrease in capital

Pedro Dimautangan paid her account in full (transaction 7)

• increase in assets = increase in capital

• increase in one form of asset = decrease in another form of asset

• increase in assets = increase in liabilities

• increase in one form of liability = decrease in another form of liability

Withdrew ₱10,000 from the business for personal expenses.

• increase in assets = increase in capital

• increase in assets = increase in liabilities

• decrease in assets = decrease in capital

• decrease in assets = decrease in liabilities