Q4:Solve

Question No. 4 (10 Marks) 1. Started business with capital $1,00,000 2. Bought furniture $25,000 3. Bought goods for cash$ 20,000 4. Bought goods from Ali on Credit $5,000 5. Sold goods for cash for $15,000 6. Sold goods to Abdullah on credit $8,000 7. Paid cash to Ali$ 4,000 8. Received cash from Abdullah $5,000 9. Paid Cash into Bank$ 25,000 10. Withdrawn from bank $10,000 Instructions: For each transaction, show the proper effect on the accounting equation