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July 31, 2014

Homework Help: accounting

Posted by Tracy on Sunday, November 9, 2008 at 12:17pm.

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 owners equity

decrease an asset and decrease a liability

increase an asset and increase owners equity

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