Question: Describe a business transaction that will do the following. a. Increase an asset and increase a liability b. Decrease an asset and decrease a liability

Describe a business transaction that will do the following.
a. Increase an asset and increase a liability
b. Decrease an asset and decrease a liability
c. Decrease an asset and increase an expense
d. Increase an asset and increase owner’s equity
e. Increase an asset and decrease an asset
f. Increase an asset and increase revenue

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