Skysong Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) (a1) 4 11 18. 26 30 Your Answer 250 550 450 @ 350 e 750 350 Correct Answer (Used) $5.60 5.70 5.90 6.00 6.30 6.50 Sales April 5 12 27 28 450 350 1,100 150

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is