Design your own financial transaction worksheet and indicate the effect of each transaction below using the balance sheet equation

a. Acquired for Php 4,000 cash a commercial area to be used as business space

b. Received P100,000 for services still to be rendered next month

c. Paid Php 7,500 to advertising agency for newspaper ad

d. Purchased Pfp30,000 of supplies inventory account

e. Paid Php 12,000 to the supplier for inventory purchased in (d) and gave a note for the remaining Php18,000

f. Loaned Php35,000 to the owner and accepted his 45-day note

g. Bought Php5,000 of supplies for cash.

h. The company agreed to buy two services vehicles six months from now for php 600,000