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Find out how an accounting equation is satisfied after taking into consideration each of the following transactions in the Books of Mr. Hill: Started business

Find out how an accounting equation is satisfied after taking into consideration each of the following

transactions in the Books of Mr. Hill:

Started business with capital $100,000

Bought furniture $25,000.

Bought goods for cash $20,000.

Bought goods from Mr. Nelson on credit $5,000.

Sold goods for cash for $15,000

Sold goods to Mr. William on credit $8,000

Paid cash to Nelson $4,000.

Received cash from William $5,000.

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