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