4. Mr. X had the following transactions. Use the accounting equation to show the effect of the following ansactions on his assets, labilities and capital and present the balance sheet. a) Commenced business with cash 30,000. b) Purchased goods for cash * 12,000 and credit 18,000. c) Sold goods for cash 24,000, costing 18,000. d) Rent paid 300. e) Rent outstanding 60. f) Bought furniture 3000 on credit. g) Bought refrigerator for personal use 3000. h) Purchased building for cash 12,000