For each of the following transactions indicate the impact on the elements of the accounting equation: a.
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For each of the following transactions indicate the impact on the elements of the accounting equation:
a. Sale of land for cash.
b. Purchase of inventory on credit.
c. Sale of goods to a customer on credit.
d. Payment of an amount owing to a supplier.
e. Payment of rent in advance.
f. Receipt of cash from a customer for goods to be delivered in the future.
g. Sale of corporate shares for cash.
h. Receipt of an amount owing from a customer.
i. payment of a dividend to shareholders.
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