II. BALANCE AND SOLVE THE PROBLEM. WRITE YOUR ANSWERS ON THE SPACE PROVIDED. 1. Balance and solve the problem. Write your answers on the space provided. (15pts) TRANSACTION 1. Mr. Chu invested $65,000 CASH ACCOUNTS FURNITURES ACCOUNTS RECEIVABLES & FIXTURES PAYABLE 2. Mr. Chu bought furnitures for his business worth P9,675 3. Mr. Chu borrowed $47,000 from Ms. Chi to add to his business 4. Mr. Chu sold $31,850 worth of products on account 5. Mr. Chu paid the water, electricity and internet bill worth, $900, P3200 and 1999, respectively 6. Mr.Chu delivered orders and received payment of $18,950 for the products 7. Mr. Chu paid Ms. Chi #32,000 8. Mr. Chu invested another P16,200 9. Mr. Chu Paid Ms. Chi Total Assets: Total Liabilities: Total Owner's Equity: 15000 UTILIITES OWNER'S expense EQUITY