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What is the accounting equation and how does this equation help you with knowing how to make journal entries? In the accounting equation, take a

What is the accounting equation and how does this equation help you with knowing how to make journal entries? In the accounting equation, take a component (i.e. assets, liabilities, or capital (stockholders equity) and explain it in your own words and provide at least one general ledger account that would fall in that category.

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