Prepare accounting equations, from the following transactions;-
Business started with cash * 2,80,000 and furniture * 80,000.
(ü) Goods purchased of 72,000 and cash paid was 36,000.
(i) Loan from bank 40,000.
(iv) Goods sold costing 8,000 at a profit of 9,600.
(v) Interest on loan paid * 4,000.
(vi) Goods lost by accident 6,400 and the insurance claim admitted 4,000.
) Depreciation charged on furniture @ 10%.
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