18. From the following business transactions of a business firm for July 2020, prepare the Accounting Equation: [3] July 01: Balance of Cash 1,20,000; Goods 45,000; Debtors 24,000; Capital 1,79,000 and creditors 10,000. July 05: Goods sold (costing 15,000) on credit to Dinesh at 20% profits on cost. July 12: Outstanding salary 9,000. July 15: Debtors including 4,000 become insolvent only 40% received from his account. July 17: Commission received in advance *12,000. July 26: Goods purchased for cash 25,000. July 31: Goods are given as charity ₹1,000.​