Question: 6. Using the accounting equation, explain how different accounting transactions impact a company's financial health and performance, by providing THREE examples of specific transactions (same

 6. Using the accounting equation, explain how different accounting transactions impact

6. Using the accounting equation, explain how different accounting transactions impact a company's financial health and performance, by providing THREE examples of specific transactions (same as the examples below), and illustrate how they would affect the accounting equation. Example 1: - Transaction: Company sells goods on account - Impact on accounting equation: - Assets: Accounts receivable increases - Equity: Revenue increases Example 2: - Transaction: Company purchases inventory on account - Impact on accounting equation: - Assets: Inventory increases - Liabilities: Accounts payable increases

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