Assets = Liabilities + owners equity

for

31 Jan

1 Feb

2 Feb

3 Feb

4 Feb

5 Feb

Dana commenced business on 31 January 2021, transferring $5,000 from her personal bank account into a business bank account. During the first week of February 2021 the following transactions occurred: 1 Feb. Bought motor van costing $800 paying by cheque 2 Feb. Bought goods on credit: Abyat $400, X-cite $250 3 Feb. Sold goods for cash $600 (cost of goods sold $400) 4 Feb. Banked cash $600, paid Abyat $400 by cheque 5 Feb. Bought goods on credit: Abyat $200, Aljassar $300 Show the accounting equation at the end of each day's transactions