Problem Solve the following Question by apply the Accounting Equation : Habib Ullah Sadiq is wholesale trader; He performed following mention transaction during the Year: Commence business with cash $ 200,000 and Land $ 50,000. Bought merchandising for cash $ 80,000. Cash sales of worth $ 25,000. Bought goods on credit from Salman of worth $ 50,000. Sales on account to Ali Raza $ 12,000. Purchase furniture of the value of $ 5,000 by cash. Received cash form Ali Raza of $ 10,000. Return defective furniture of worth $ 1,500. Paid wages $ 1,000, Rent 2,000 and Electricity Bill Payable $ 1,500.