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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

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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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