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short answer for these ? 1. How do transactions affect the accounting equation? 2. What are the four financial statements? 3. What is the order

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1. How do transactions affect the accounting equation? 2. What are the four financial statements? 3. What is the order of preparation for financial statements, and why? 4. What is the purpose of each financial statement? What goes on each statement? 5. What is the order of liquidity? When does it matter

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