4:4500 Saj 10 minutes ago Put the following transactions into Accounting Equation statement and prepare the statement of financial position/ Balance Sheet. Question-01 1. Asad started business with cash Rs.180,000. 2. Purchased land for RS.141,000. 3. Purchased building for RS.36000, paying 15000 and balance on future date. 4. Sold a part of land for Rs.11000 amount collected after three months. 5. Purchased office equipment RS. 5400 on credit 6. Received Rs.1500 as partial collection of land sold. 7. Paid Rs.3000 on account payable. Question-02 Cash 14800 Cash 9500 Land 50000 Question-03 1. Invested cash Rs. 20000 2. Purchased equipment Rs. 9500 on credit. 3. Purchased land for Rs. 3000. Assets Building 45000 4. Sold Equipment for RS. 15000 cost Rs. 12000. 5. Paid salaries of staff Rs.3000 6. Draw Rs.2000 for personal use. Equipment 22500 Debtor ? 4G.Il 36% Assets Automobile Equipment 9000 3800 Liabilities A/P ? 6. Paid rent of building Rs.1000. 7. Sold automobile for Rs.4000 on credit which cost Rs.2500. Liabilities Equity A/P Equity 45200 33500 1. Bought office Equipment Rs. 5700 2. Collect RS.4000 of accounts receivable. 3. Paid RS.7200 of Accounts Payable. 4. Purchased an automobile for Rs. 15500 paid Rs.3000 and balance after 15 days. 5. Sold automobile for Rs. 6000 which cost Rs.4500 and received cash. Equity Equity 75000 ||| =