View Policies Current Attempt in Progress A list of effects on the accounting equation follows.For each effect,select an example of a transaction that would cause it. 1.Increases an asset and increases a liability. 2Increases an asset and increases owner's equity. 3.Decreases an asset and decreases a liability. 4.Decreases owner's equity and decreases an asset. 5.Increases a liability and decreases owner's equity. 6.Increases one asset and decreases another asset