5. Explain how the accounting equation and the double-entry system of accounting would be used to record the following transactions: - A company purchases inventory on account for $10,000. - A company sells goods on account for $20,000. - A company collects cash on account from a customer for $5,000. - A company pays cash for salaries of $1,000. Required: a. For each transaction, identify the accounts that would be affected and whether they would be increased or decreased. b. Write the double-entry journal entry for each transaction