Let's recall back to Module 2 and the concept of balancing. Here we are still talking about balancing, which is now more critical than ever. If we draw back from our accounting equation in Module 2, we remember that assets have to equal liabilities plus owners' equity. How we are preparing a set of financial statements in this module, let's consider the following reflective questions: How would this impact the financial statements if we sold goods amounting to $500 and recorded a Debit of $400 to Cash and a Credit of $500 to Revenues? What level of ethics is involved in the preparation of financial statements? Consider the viewpoint of external and internal users of financial statements. You are required to submit an initial post, and we encourage you to reply to your peers by adding to their original post