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Q1 Record the following transactions in Accounting Equation. 5025 Jan, 1 Started business with cash SR 80000 . Jan, 2 Bought Furniture for cash SR

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Q1 Record the following transactions in Accounting Equation. 5025 Jan, 1 Started business with cash SR 80000 . Jan, 2 Bought Furniture for cash SR 5000. Jan 10 Purchased Supplies for cash SR 3000. Jan, 15 Purchased land on account from Yasin SR 5000. Jan, 20 Sold goods for cash SR 6000. Jan, 25 Sold goods to Ali on credit SR 2000. Jan, 28 Received cash from Ali SR 1500. Jan, 29 Owner withdrew SR 1500 for personal use. Jan, 30 Paid cash to Yasin SR 4000. Jan, 31 Paid wages SR 1200

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