1. Zaynab has opened a consultancy business and initially invested SR 500,000 cash. The business has following transactions over the time 2. Zaynab purchased furniture for SR 30,000 and paid cash.
3. Office equipment of SR 20,000 were purchased on credit.
4. She bought office accessories for SR 3,000 and did not pay cash.
5. Zaynab has provided some services for SR 20,000 and received cash.
6. Salaries expenses for the shop are SR 2,500 and have been paid by cash.
7. She provided some services of SR 1,000 for customer A and received 400 in cash, remaining 600 will be received next month.
8. Zaynab has paid SR 2,000 of her liabilities.
9. Zaynab has taken SR 6,000 out of business for her personal use.
Requirement: Prepare accounting equation for Zaynab’s Business and write down the balance at the end