xercise 1-9A on page 40 Exercise 1-10A on page 40 Exercise 1-4A on page 38 Exercise 1-7A on page 39 Exercise 1-6A on page 39 Exercise 1-8A on page 39 Part 2 Question 1: What is the accounting equation? Why is this important to the practice of accounti
xercise 1-9A on page 40 Exercise 1-10A on page 40 Exercise 1-4A on page 38 Exercise 1-7A on page 39 Exercise 1-6A on page 39 Exercise 1-8A on page 39 Part 2 Question 1: What is the accounting equation? Why is this important to the practice of accountiExercise 1-9A on page 40Exercise 1-10A on page 40Exercise 1-4A on page 38Exercise 1-7A on page 39Exercise 1-6A on page 39Exercise 1-8A on page 39Part 2Question 1: What is the accounting equation? Why is this important to the practice of accounting? Please provide an example of how the accounting equation works with recording transactions within a business.Question 2: Is there a difference between bookkeeping and accounting? Discuss.Question 3: Accounting reports past performance. How can this be useful when planning future operations?