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Prove that Accounting Equation is satisfied in all the following transactions of Jade: 1. Balances appeared on the opening date: Cash $40,000; Stock $30,000; Furniture $50,000; Capital $90,000; Creditors $30,000. 2. Paid to a creditor of $20,000 after deducting a 3% discount. 3. Furniture costing $25,000 sold at a loss of 20%. 4. Rent paid $3,000; Rent payable $2,000