Identify which transaction below results in a shift in assets (S) and which transaction causes an increase
Question:
Identify which transaction below results in a shift in assets (S) and which transaction causes an increase in assets (I).
a. Jay’s Internet Cafe bought computer equipment on account.
b. Eastern Tile Co. bought office equipment for cash.
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Related Book For 
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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