USE THE FOLLOWING TO DRAW AND SHOW ACCOUNTING EQUATION 1 May BR starts business as a sole proprietor with $20,000 incash 2 May Pays $15,000 cash into a business bank account 4 May Purchases goods on credit from JM for $2,000 6 May Purchases goods from ERD on credit for $3,000 7 May Pays wages in cash $60 10 May Pays rent by cheque $80 12 May Sells goods for cash $210 16 May Buys furniture for $1,500 paying by cheque 19 May Sells goods on credit to SP for $580 22 May Buys goods for cash $3,900 24 May Buys fittings for cash $600 Pays carriage outwards costs by cheque $25 25 May Pays wages by cash $110 Sells goods for cash $430.