Following transactions related to the business of Aqil during January 2009
0l, Aqil started a business with cash Rs. 300,000.
02. Opened a current account in National Bank with Rs. 100,000.
03, Purchased furniture for Rs. 21,250.
03, Paid shop rent Rs. 14,400 by cheque for 6 months.
04, Purchased merchandise on cash Rs. 31,500
05, Sold merchandise on cash Rs. 11,500.
07, Purchased merchandise on credit from Jamali 8 sons Rs. 48,500,
08, A paid cheque for office supplies Rs. 1,250.
10, Sold merchandise on credit to Nadir & co. Rs. 14,300.
12, Paid for the advertisement to private TV channel Rs. 9,000.
14, Merchandise returned to Jamali & sons Rs.750
16, Merchandise returned from Nader & co. Rs. 425.
18, Received cash Rs. 5,475 and cheque Rs. 8,000 from Nade & co. In full! settlement or account. The cheque was deposited on the same day.
21, Paid cheque to Jamali & sons Rs. 24,000.
22, Cash sales Rs. 12,225. Including a cheque of Rs 3,250.
29, A deposited cheque of 22 Jan Into bank.
30, Cash sales Rs. 15,600 Including cheque of Rs. 8,400. The cheque was deposited on the same day.
31, Paid to Jamali & sons a cheque of Rs. 16,000 and cash Rs 7,150 with a full settlement.
Required: Prepare the Accounting Equation for the above transactions.
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