Question

Prepare Accounting Equation of the following transaction
1 commenced businesswithcash 50000
2 purchased goods for cash 20,000 and credit 30000
3 sold goods for cash 20000
and credit 30000
4 rent paid 500 salaries 5000
5rent outstanding 100 salaries outstanding 1000
6 bought furniture for 5000 on credit
7 bought refrigerator for personal use 5000
8 purchased computer for cash 20000
9cash withdrawn for personal use 10000
10 interested on drawing charged 1500 and the interest on capital​

Answer 1

Answer:

Asset = liability plus capital

50000 =0+50000

50000+30000=30000+50000

0+50000+30000=30000+50000

Explanation:

from ahead u solve plz