Question

For each of the following categories, state concisely a transaction that will have the required effect on the elements of the accounting equation.
(a). Increase an asset and increase a liability.
(b). Decrease an asset and decrease a liability.
(c ). Increase one asset and decrease another asset.
(d). Increase an asset and increase owners’ equity.
(e) Increase one asset, decrease another asset, and increase a liability.



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  • CreatedApril 17, 2014
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