Illustration: 3 Prepare an Accounting Equation from the following transactions in the books of Mr. X for January, 2015 :- 1 Invested Capital in the firm 20,000 2 Purchased goods on credit from Das \& Co. for 2,000 4 Bought plant for cosh8,000 8 Purchased goods for cash 4,000 12 Sold goods for cash [Cost 4,000+Profit 2,000]6,000. 18 Paid to Das \& Co. in cash 1,000 22 Received from B. Banerjee 300 25 Paid salary 6,000 30 Received interest 5,000 31 Paid wages 3,000