1-What will be the effect of the following on the accounting equation: a-Amer started business with cash 1,80,000$ b-Purchased goods for cash 50,000$ and on credit 20,000$ c-Sold goods for cash 40,000$ costing 24,000$ d-Rent paid 10,000$, rent outstanding 2000$The answer will be : a-Assets 2,06,000 , liabilities 22,000 , capital 184,000
b-assets 204,000 , Liabilities 20,000 , capital 184,000
c-assets 186,000 , Liabilities 22,000 , capital 164,000 ?? ​