Question: =+82 Chapter 2 Analyzing Transactions Indicate for each debit and each credit: (a) whether an asset, liability, owners equity, drawing, revenue, or expense account was

=+82 Chapter 2 Analyzing Transactions Indicate for each debit and each credit:

(a) whether an asset, liability, owner’s equity, drawing, revenue, or expense account was affected and

(b) whether the account was increased () or decreased (). Present your answers in the following form, with transaction (1) given as an example:

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