a. Mr. Apollo established an accounting tutorial service business and had invested P90,000 cash of his personal money into the business. b. Borrowed P100,000 from BPI payable after 2 years. The company issued a note to the bank. c. Purchased tables and chairs for cash, P45,000. d. Paid rent for the office, P8,000. e. Purchased additional tables and chairs from Moon Furniture on account, P20,000. f. Received cash for tutorial services rendered, P75,000. g. Paid employees' salaries, P30,000. h. Paid Moon Furniture for the additional tables and chairs previously purchased on account P10,000. i. Paid water and electricity bill, P4,500. j. Rendered tutorial services to students on account, P55,000. k. Mr. Apollo withdrew cash for personal use, P15,000. 1. Collected from customers for the tutorial services previously rendered on account, P37,000. REQUIRED: Show the effect of these transactions on the accounting equation by completing the table below. Identify each owner's equity transaction:

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.