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Case Scenario: Felix is taking a financial accounting class for the first time and he is having a difficult time understanding it. Felix comes to

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Case Scenario: Felix is taking a financial accounting class for the first time and he is having a difficult time understanding it. Felix comes to you for help because he really wants to pass his class with a good grade! In your response, please tell Felix how he would use Debits and Credits to track 2 different transactions in the accounting records. You may choose any 2 business transactions, and you must discuss how each transaction is fully entered in the journal. For full credit, please also explain how Each transaction impacts the accounting equation (ex: do assets, liabilities, and/or stockholders' equity increase or decrease in each transaction?)

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