Activity 3.2: The activity bebw is in reverse. Describe the given transaction. Date ASSETS LIABILITIES OWNER'S Cash Supplies Equipment EQUITY Balance P60.000 P7.500 P.300.000 P75.000 P292.500 150,000 150,000 (20.000) 20.000 (1 12.500 (1 12,500) 5,000 5,000 (15,000) (15.000) (53.000) (53.000) (8.000) (8.000) Answer 1. 2. 3. 5 6