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Question 1 : Following are the transactions for MR . N s Books of accounts. 1 . Started a business with 1 0 0 ,

Question 1: Following are the transactions for MR. Ns Books of accounts.
1. Started a business with 100,000 SR cash.
2. Bought furniture for 25,000 Cash.
3. Bought equipment for cash SR 20,000
4. Bought office supplies for SR 5,000 on credit from MR. X
5. Provided services for SR 15,000 Cash
6. Provided services for SR 8,000 on credit to MR. Y
7. Paid cash to Mr. X SR.4,000
8. Received cash from Mr. Y SR 5000.

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