Provide illustrations of the following transactions relating to a local retailer:

1. One asset is exchanged for another. 

2. An asset and a liability increase by the same amount. 

3. An asset and revenue increase by the same amount. 

4. One liability is exchanged for another. 

5. An asset and a liability are reduced by the same amount.

6. A liability and an expense are increased by the same amount. 

7. An asset and shareholders’ equity are increased by the same amount. 

8. An asset is reduced and an expense is increased by the same amount.