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November 26, 2014

Homework Help: accounting

Posted by sam on Tuesday, April 28, 2009 at 8:09am.

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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