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Show the Accounting Equation on the basis of the following transactions and present a Balance Sheet on the last new equation balance:

(i) Raj commenced business with cash 70,000
(ii) Purchase goods on credit  14,000
(iii) Withdrew for private use 1,700
(iv) Goods purchased for cash 10,000
(v) Paid wages 300
(vi) Paid to creditors 10,000
(vii) Sold goods on credit for 15,000
(viii) Sold goods for cash (cost price was purchased motorcycle for cash Rs.3000) 4,000
(ix) Purchased furniture for 500

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                                               Balance sheet

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