A list of effects on the accounting equation follows.
1. Increases an asset and increases a liability.
2. Increases an asset and increases owner's equity.
3. Decreases an asset and decreases a liability.
4. Decreases owner's equity and decreases an asset.
5. Increases a liability and decreases owner's equity.
6. Increases one asset and decreases another asset.
Instructions
For each effect, give an example of a transaction that would cause it.