I need help for this task please.

PRACTICE TASK 2: MODIFIED TRUE OR FALSE A. INSTRUCTIONS: Write PAGKAMOOT if the statement is true, write PAGLAOM if the statement false and justify your answer. Assets created by selling goods and services are accounts payable. 2. Cash are categorized into Cash on Hand, Cash in Bank and Cash Equivalents. The best example referring to Cash Equivalent is Three-month Banko Sentral ng Pilipinas (BSP) Treasury Bills. 3. Purchased supplies on account is an example of Accounts Receivable. 4. WillPrint Printing Press incurred some cost to register their business, acquire the right to operate, and settle taxes due to the company. This expense incurred is related to Taxes and Licenses expense