Business transaction-effect on the accounting equation


Question: For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:

1. Increase an asset and increase a liability.
2. Increase one asset and decrease another asset.
3. Decrease an asset and decrease owner's equity.
4. Decrease an asset and decrease a liability.
5. Increase an asset and increase owner's equity.

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Accounting Basics: Business transaction-effect on the accounting equation
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