In accounting its important to understand that there may beevents that occur that are...

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Accounting

In accounting its important to understand that there may beevents that occur that are not business transactions. Please giveus an example of a business transaction that affects the accountingequation. Remember that the expanded accounting equation is: Assets= Liabilities + Owner's Equity + Revenue - Expenses. Please be surethat you provide this transaction in General Journal format.Additionally give us an example of an event that is not anaccounting transaction.

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Accounting Equation Examples of Accounting Transactions Assets Liabilities Owners Equity Revenue Expense Transaction Cash Accounts receivable Accounts payables Common Stock Retained earnings Issue of shares for cash 5000000 See Answer

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In: AccountingIn accounting its important to understand that there may beevents that occur that are not...In accounting its important to understand that there may beevents that occur that are not business transactions. Please giveus an example of a business transaction that affects the accountingequation. Remember that the expanded accounting equation is: Assets= Liabilities + Owner's Equity + Revenue - Expenses. Please be surethat you provide this transaction in General Journal format.Additionally give us an example of an event that is not anaccounting transaction.