Increase an asset and increase a liability

Reference no: EM13337880

For each of the following items, give an example of a businesstransaction that has the described effect on the accountingequation:

Increase an asset and increase a liability.

Increase one asset and decrease another asset.

Decrease an asset and decrease owner's equity.

Decrease an asset and decrease a liability.

Increase an asset and increase owner's equity.

Reference no: EM13337880

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