Question: please solve this . 2. Prepare Accounting equation on the basis of the following. Also prepare a bulance sheet June 4 Started business with cash
please solve this .
2. Prepare Accounting equation on the basis of the following. Also prepare a bulance sheet June 4 Started business with cash RO 200.000 June 5 Goods purchased on account RO 100,000 June 7 Purchased goods for cash RO 30,000 June 10 Sold goods for cash $30,000(costing $25,000) June 12 Purchased a machinery for RO. 50,000, paying RO 20,000 in cash and issuing a note payable for the remaining, June 15 Outstanding rent RO 2.000 June 18 Withdrew for personal use RO 3,000 June 20 Sold goods on account RO 10,000
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