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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