III. Performance Task - (Use yellow paper) 1. Arrange the following asset, liability, and equity titles in a table: Cash; Accounts Receivable; Office Supplies; Office Equipment; Repair Equipment; Accounts Payable; Cortez, Capital; Cortez, Withdrawals; Revenues; and Expenses. 2. Use addition and subtraction to show the effects of each transaction on the accounts in the accounting equation. Show new balances after the last transaction. Rubrics: Correct analysis of account per transaction: Correct Total Assets Correct Total Liabilities Correct Total Owner's Equity TOTAL 2 points (26 points) 2 points 2 points 2 points 32 POINTS 26 Lala Cortez started a new business and completed these transactions during September: Sept. 1 1 3 5 6 8 15 18 20 24 28 30 30 30 Cortez invested PHP 70,000 cash in the business. Rented office space and paid PHP5,000 cash for the September rent. Purchased repair equipment for PHP22,000 by paying PHP10,000 cash and agreeing to pay the balance in 3 months. Purchased office supplies by paying PHP2,500 cash. Completed repair work and immediately collected PHP6,550 cash for the work Purchased PHP11,350 of office equipment on credit. Completed repair work on credit in the amount of PHP7,000. Purchased PHP 1,700 of office supplies on credit. Paid in full cash for the office equipment purchased on September 8. Billed a client PHP6,400 for work completed; the balance is due in 30 days. Received PHP5,000 cash for the repair work completed on September 15. Paid the assistant's salary of PHP 6,100 cash for this month. Paid PHP2,520 cash for this month's utility bill . Cortez withdrew PHP 7,000 cash from the business for personal use. ASSETS Date Cash Income OWNER'S EQUITY Expenses Repair bill withdrawal work Capital Equipment LIABILITIES Accounts payable Equipment Payable Office Repair supplies work Rent Office Supplies salary 70000 70000 Sept. 1 (5000) (5000) (10000) 12000 Sept. 3 Sept. 5 (2500) 2500 Sept. (6550) (6550) 11350 11350 7000 (7000) 1700 1700 6 Sept. 8 Sept. 15 Sept. 18 Sept. 20 Sept. 24 Sept. 28 Sept. 30 (11350) (11350) 6400 6400 5000 (5000) 5000 (6100) (6100) (2520) (2520) (7000) (7000) Total