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Write the accounting equation in its simple and in its expanded form then Explain which elements and which accounts are changed in the following events:

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Write the accounting equation in its simple and in its expanded form then Explain which elements and which accounts are changed in the following events: A retail company buys goods for sale on credit A retail company receives a cash deposit from its customer for the sale of products that 1. 2. will be delivered in 10 days. 3. A company pays cash for next year's vehicle insurance

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