analyse the following transactions by applying accounting equation approach 618970

Analyse the following transactions by applying Accounting Equation Approach.

1. Mr. Roy started his business with Rs 1,70,000 from his personal funds.
2. He invested additionally in the form of machinery worth Rs 50,000.
3. He purchased additional machinery for cash Rs 10,000.
4. He purchased goods for Rs 15,000.
5. Creditors were paid Rs 5,000.
6. He sold goods costing Rs 10,000 for Rs 15,000.
7. He paid for the following expenses:

Salaries — Rs 3,000

Rent — Rs 1,500

Repairs — Rs 500

Electricity — Rs 600

1. He withdraws Rs 2,500 cash for his personal use.
2. Machinery was depreciated by Rs 1000.
3. Sold goods for cash Rs 30,000.