Q. Prepare the accounting equation with the help of following transactions: (10 marks) 1. 2. 3. 4. 5. 6. 7. Started Business with cash -500,000 AED Purchased goods for credit- 80,000 AED Bought machinery for cash -450,000 AED Sold furniture for credit -55,000 AED Cash paid to creditors-50,000 AED Received Interest- 25,000 AED Withdrew money for personal use-6000 AED