Dec1.Started business with cash $50,000. Dec2.Purchased goods for cash $30,000. Dec3.Purchased goods on credit $20,000....
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Accounting
Dec1.Started business with cash $50,000. Dec2.Purchased goods for cash $30,000. Dec3.Purchased goods on credit $20,000. Dec4.sold goods costing $10,000 for $12,000. Dec5.Bought furniture on credit $2000. Dec6.Paid cash to creditor $15000. Dec 7.Salary paid $1000. Instructions: Develop an Accounting equation for Best Way Cement for the month of December, 2019.
please do it in proper format...with each and every step
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