Prove that accounting equation is satisfied in all the following transactions of Mr.X
1. Commenced business with cash - Rs.80,000
2. Purchased goods for cash - Rs.40,000 and on credit Rs.30,000
3. Sold goods for cash - Rs.40,000 costing Rs.25,000
4. Paid salary - Rs.2,000 and salary outstanding Rs.1,000
5. Bought scooter for personal use for cash at Rs.20,000