When you go into a store and buy a candy bar. What is the transaction from your own position? What did you get? What did you give up? What is the transaction from the storeowners perspective? What did he/she get? What did he/she give up? How many different ways can you pay for the candy bar? Thinking about the accounting equation, how would each way of paying to be recorded. What accounts would be affected from your perspective and from the store owners perspective?