1. Explain how an external event differs from an internal event. 2. Provide three examples of source documents and the event for which each would provide the evidence to record. 3. List the three...

1. Explain how an external event differs from an internal event.

2. Provide three examples of source documents and the event for which each would provide the evidence to record.

3. List the three elements in the accounting equation. How is the third element expanded to show the linkage between the balance sheet and the income statement?