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Hi i need help on what is the answers for this accounting activities. Below is the problem and answer with explanation is recommended. I hope

Hi i need help on what is the answers for this accounting activities. Below is the problem and answer with explanation is recommended. I hope that you can help me and surely I will give you full positive feedback.

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ac ledger resemble a T- ACTIVITIES uri tina Activity 1 Directions: Prepare the necessary journal entries. Present the accounting equation as a summary. March 1 Bobbie Sy provided an initial investment of P50,000 to HBC Services. 2 Acquired equipment for P20,000 cash. 3 Acquired additional equipment for P15,000 cash. 4 Purchased supplies amounting to P 30,000 cash. 5 Rendered services worth P50,000 on cash basis. 6 Rendered services worth P10,000 on account. Activity 2 Directions: Post the transactions below to the T-account and determine each account's ending balance. Supplies P8,750 Accounts Payable P8,750 Accounts Receivable 14,000 Service Revenue 14,000 Cash 10,500 Accounts Receivable 10,500 Accounts Payable 3,500 3,500 Cash

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