Question: Indicate what impact ( increase + or decrease - ) each of the following transactions would have on the accounting equation:

Indicate what impact (increase "+" or decrease "-") each of the following transactions would have on the accounting equation: Assets = Liabilities + Equity.
You are to start with assets for "Impact 1" then liabilities or equity for "Impact 2". For example, if the transaction decreases an asset, you will select - Asset and what impact it has on the liabilities or equity (i.e.- Liabilities)

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