Question: Help me please, Kindly answer this with brief and clear explanation. Thank you. PRACTICE EXER l E 1- Babylyn. after receiving her degree in computer
Help me please, Kindly answer this with brief and clear explanation. Thank you.


PRACTICE EXER l E 1- Babylyn. after receiving her degree in computer science, began her own business Bits and Bytes Computer Rentals and Programming. She completed the following ctlons soon after starting the business: a. called transa Babylyn began her business with 0 WOW cash investment. which she deposited in the bank, and a computer unit, which was valued cost Pi 5,000. b. Paid one month's rent for the business space. Rent is P3,600 per month. c. Purchased additional 4 computer units for P70,000 for cash. at. Purchased computer supplies an credit, P6.000. e. Total collections form customer from computer rentals. P8000. f. g. h. Billed a client Pi 2,100 upon completion of a computer programming project Paid electricity and water bills amounting to P4,000 Received P8,000 from the client billed previously i. Withdrew P3.500 in cash for personal expenses 1. Paid P2.000 of amount owed on computer supplies purchased in (d) REQUIRED: On the table below, show by addition and subtraction the effects of the ' transactions on the accounting equation. Show new balances after each transaction, and \"'Tlgentify each owner's equity transaction by type. ASSETS = LIABIITIES + CAPITAL
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