there is an equity down i apologize yes that is an option

Identify the impact(s) of the following event on the accounting equation from the named company's point of view by checking all applicable responses for the transaction (mark at least 2 responses for each transaction, unless the correct response is "No entry"): Event: Paris Bike calculates and records an adjusting journal entry for income taxes on profits earned in the current period; these taxes will be paid in a future period. Check All That Apply Assets UP Assets DOWN Liabilities UP Liabilities DOWN Equity UP Identify the impact(s) of the following event on the accounting equation from the named company's point of view by checking all applicable responses for the transaction (mark at least 2 responses for each transaction, unless the correct response is "No entry"): Event: Paris Bike transfers possession of inventory on consignment to another retailer. Check All That Apply Assets UP Assets DOWN Liabilities UP Liabilities DOWN Equity UP