For each of the following, describe a transaction that would have the stated effect on the accounting

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For each of the following, describe a transaction that would have the stated effect on the accounting equation:

1.    Increase an asset and increase a liability
2.    Decrease one asset and increase another asset
3.    Decrease an asset and decrease equity
4.    Increase an asset and increase equity
5.    Decrease a liability and decrease an asset
6.    Decrease an equity item and decrease an asset.

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Related Book For  answer-question

Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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