Make a balance sheet on the basis of the last equation

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Reference no: EM132830377

Question - Make a Balance Sheet on the basis of the last Equation: - Sh.

1. Mukesh started business with cash 800,000.

2. Purchased goods for cash 280,000.

3. Purchased goods on credit 200,000.

4. Purchased furniture for cash 60,000.

5. Paid rent 20,000.

6. Received commission 5,000.

7. Withdrew cash for private use 30,000.

8. Sold goods on credit (cost price Sh.300,000) 400,000.

9. Paid to creditors 150,000.

Reference no: EM132830377

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