Prepare Accounting Equation from the following and also prepare a Balance Sheet : -
1. Raghu started business with Cash Rs. 1,50,000.
2. Bought goods for cash Rs. 80,000 and on credit for Rs. 40,000.
3. Goods costing Rs. 75,000 sold at a profit of ` 33 1/3 %` . Half the payment received in cash.
4. Goods costing Rs. 10,000 sold for Rs. 12,000 on credit.
5. Paid for Rent Rs. 2,000 and for salaries Rs. 4,000.
6. Goods costing Rs. 20,000 sold for Rs. 18,500 for Cash.