Show the effects of these transactions on the accounting equation and prepare a balance sheet. GH 1 July started business with cash 2 sales on cash 4 stock of materials paid by cash 5 paid cash into bank 7 withdrew cash for office use GCTU 8 loan received by cash 10 sales of goods received cheque 19 cash sales 21 Charles (Debtor) paid us by cash 30 sales, received cheque 30,000 50,000 10,000 20,000 10,000 20,000 30,000 80,000 50,000 40,000