The following events occurred during the first month of jack consultancy limited

1. On September1, mr jack started his business with $200,000
2. On September 2 purchased furniture on credit $50000
3. On September 4 , purchased goods(for resale) for sale $50000 and $40000
4. On September4 ,issued a purchase order to a vendor for supplying goods value $100,000
5. On September 6, borrowed money from a bank $40000
6. On Septembert 7, sold goods to mr x for $20000 on credit
7. On September 11, paid $10000 to the bank against borrowed money
8. On September 15, he paid $5000 cash as rent for office
9. on September 18, he finished his office by installing the old equipment and some brought on credit for $100000
10. On September 20 cash receipts from consultancy service provided $80000
11. On September 22, provided consultancy services on account for $10000
12. On September 25 received $10000 for services previously rendered on account
13. On September 25 paid $12000 to an assistant for working during the grand opening of the office
14. On September 26, paid $ 10000 against the account payable
15. On September 27 he withdrew $ 9000 cash for her personal use

a. prepare Journal. b. Prepare the accounting equation based on the above transaction with box