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1. (TCO 1) Suppose your company sold 25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?(Points : 12)

Assets Liabilities Capital 25000 25000 It will increase assets & capital by 25000.

1. (TCO 2) Suppose your company sold 50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?(Points : 12) Assets Liabilities Capital 50000 50000 It will increase assets & capital by 50000.

3.(TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of...