7. Determine the effects of the following transactions on the items stated in column heading by writing the amount under the column: ( 15 pts.) Current Current Working Assets Liabilties Capital a. Buys equipment for P35,000 by issuing a 12%,180 days note. b. Sell old machine for P80,000; Terms: 30% Cash and a 9%, 240 days note for the balance. c. Settled a long-term debt of P150,000 with dated check issued. d. Declared cash dividends of P1.25 per share on 8,400 outstanding shares, due next month. e.. Acquires trading securities for P12,500 on account. \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 7. Determine the effects of the following transactions on the items stated in column heading by writing the amount under the column: ( 15 pts.) Current Current Working Assets Liabilties Capital a. Buys equipment for P35,000 by issuing a 12%,180 days note. b. Sell old machine for P80,000; Terms: 30% Cash and a 9%, 240 days note for the balance. c. Settled a long-term debt of P150,000 with dated check issued. d. Declared cash dividends of P1.25 per share on 8,400 outstanding shares, due next month. e.. Acquires trading securities for P12,500 on account. \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}