Q.1 On behalf of your assumption amount make Accounting equation and pass journal entry of all below given transaction in the books of Mushrif and also make balance sheet on the basis of the last equation.

1. Mushrif start business with investment of cash assume amount yourself and put in equation and pass journal entry.
2. Mushrif purchase furniture with cash assume amount yourself and put in equation and pass journal entry.
3. Mushrif purchase Goods with cash assume amount yourself and put in equation and pass journal entry.
4. Mushrif purchase Equipment on Account assume amount yourself and put in equation and pass journal entry.
5. Mushrif receive consulting fees Cash assume amount yourself and put in equation and pass journal entry.