Response to the following questions:
1. What is a primary control for determining the accuracy of a business's record keeping?
2. Capstone Consulting Services acquired land 5 years ago for $200,000. Millstone recently signed an agreement to sell the land for $375,000. In accordance with the sales agreement, the buyer transferred $375,000 to Capstone's bank account on February 20.
How would elements of the accounting equation be affected by the sale?