is using accounting equation) : basis of following transactions and present a Balance Sheet on the 100 iboto sets = Started business with cash Furniture purchased Cash purchases Purchased goods from Inder Paid rent Cash sales Furniture purchased for 2,000 sold out Goods returned to Inder 3.27 : (3) 25,000 2,000 5,000 5,000 500 2,000 2,500 500 bik 29,500; Liabilities Creditors 4,500 and Capital 25,000)