Question

ꜱᴏʟᴠᴇ

❌ɴᴏ ꜱᴩᴀᴍᴍɪɴɢ ❌

Prepare an Accounting Equation on the basis of the following transactions:
(i) Started business with cash 70,000.
(ii) Credit purchase of goods 18,000.
(iii) Payment made to creditors in full settlement * 17,500.
(iv) Purchase of machinery for cash 20,000.
(u) Depreciation on machinery * 2,000.

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Answer 1

Answer:

Kindly refer to the attachment!

_____________________

@LovelyG

Answer 2

Answer:

Explanation:

REFER TO ATTACHMENT FOR ANSWER