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Show and accounting equation for the following transaction:
1. Mr. Mahapatra commenced business with cash Rs. 50,000 and Rs. 1,00,000 by cheque; goods Rs. 60,000; machinery Rs. 1,00,000 and Furniture Rs. 50,000
2. 1/3 of the above goods sold at a profit of 10% on cost and half of the payment received in cash.
3. Depreciation on machinery provided @ 10%
4. Cash withdrawn for personal use Rs. 10,000
5. Interest on drawings charged @ 5%
6. Goods sold to Gupta for Rs. 10,000 and received a Bills Receivable for the same amount for 3 months
7. Received Rs. 10,000 from Gupta against the Bills receivable on its maturity.
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