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May 6, 2015

Homework Help: accounting

Posted by Anonymous on Thursday, March 25, 2010 at 1:35pm.

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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