Question: Answer this question:- 1. Basic accounting equation and double-entry accounting system. 2. Debit and Credit impact on accounting equation elements. 3. Analyze and record transactions

Answer this question:-

1. Basic accounting equation and double-entry accounting system.

2. Debit and Credit impact on accounting equation elements.

3. Analyze and record transactions using general format.

4. Identify and describe the different types of adjusting entries.

a. Accruals

b. Deferral

c. Estimates

5. Analyze and record adjusting entries.

6. Define a trial balance.

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