1. Following are some transactions, please provide solution for these transaction in form of accounting equation.:-ABC Company issued Stock and raised capital worth $ 250,000 at Par.
2. Paid rent for month $ 2,000.
3. Paid for insurance for a year $ 16,000
4. Purchased inventory of $ 21,800 on account.
5. Sold all inventory for $ 35,700, customer has promised to pay within a month.
6. Issued 12 year, 7% bonds worth $ 45,000 at par.
7. Customer paid for the dues.
8. Paid for inventory.
9. Paid salaries to employees $ 36,000.
10. Paid utility expenses $ 7,950.
11. Purchase equipment in cash $ 24.000
12. Declared dividends of $ 50,000