1the accounting equation is assets liabilities , Financial Accounting

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1the accounting equation is assets liabilities

1.The accounting equation is Assets = Liabilities + Owners' Equity. Provide me an example of a transaction that would affect the accounting equation. You will do this for your employer, college or self.

2. Briefly define and explain the purpose of adjusting entries?

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Financial Accounting: 1the accounting equation is assets liabilities

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Financial Accounting: 1the accounting equation is assets liabilities

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