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4. Analyze the following transactions as to their effect on the accounting equation. (a) The company paid P225 to a vendor for supplies purchased previously
4. Analyze the following transactions as to their effect on the accounting equation. (a) The company paid P225 to a vendor for supplies purchased previously on accou (6) The company performed P1,050 of services and billed the customer. The company received a utility bill for P195 and will pay it next month. (d) The owner of the company withdrew P50 of supplies for personal use. The company paid P305 in salaries to its employees. The company collected P725 of cash from its customers on account. a. 1
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