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Remember that the expanded accounting equation

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Reference no: EM131837752

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

Reference no: EM131837752

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