Task 1. THE LIABILITIES OF NEKNEK COMPANY EQUALS TO ONE-THIRD OF ITS TOTAL ASSETS. IF OWNER'S EQUITY AMOUNTED TO P 240,000, HOW MUCH IS THE

COMPANY'S LIABILITIES?

O O TASK 1A . THE LIABILITIES OF NEKNEK COMPANY EQUALS TO ONE-THIRD OF ITS TOTAL ASSETS. IF OWNER'S EQUITY AMOUNTED TO P 240,000, HOW MUCH IS THE COMPANY'S LIABILITIES? Assets Liabilities Capital/OE Beginning Balance Add (less) Ending balanceO O TASK . AT THE END OF THE YEAR, TRANSACTIONS OF Y COMPANY RESULTED IN P 200,000 WORTH OF TOTAL LIABILITIES AND P 1,000,000 IN TOTAL ASSETS. A 25% INCREASE IN EQUITY WAS REALIZED AND LIABILITIES DECREASED BY P 30,000. HOW MUCH WERE: (1) TOTAL EQUITY AT YEAR-END (2) TOTAL ASSETS BALANCE AT THE BEGINNING OF THE YEAR AND (3) INCREASE/DECREASE IN THE ELEMENTS OF THE Assets Liabilities Capital/OE Beginning Balance Add (less) O Ending balance OO