Show the accounting equation for the following transactions:
1. Mr. John Lubindino invested P1,000,000.00 cash in a food cart.
2. Mr. John Lubindino borrowed P500,000.00 from the bank to be used in
the business. Show the change in the accounting equation.
1. Mr. John Lubindino invested P1,000,000.00 cash in a food cart.
2. Mr. John Lubindino borrowed P500,000.00 from the bank to be used in
the business. Show the change in the accounting equation.
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