Develop an accounting equation :-
(1) mohan commenced business cash 50,000.
(2) purchase good for cash 30,000
(3) purchase good on credit 20,000
(4) sold good costing 10,000 for 12,000.
(5) bought furniture on credit 2000.
(6) paid cash to creditor 15,000
(7) salary paid 1000
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