# accounting

for each of the following items, give an example of a business transaction that has 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.

1. 👍
2. 👎
3. 👁
1. 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.
You should read the discussion on this topic throughout this week to evaluate and respond to your classmates' insights and comments.

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality

1. 👍
2. 👎
2. 1. Increase an asset and increase a liability –
Purchase a fixed asset with bank financing.
Purchase inventory on credit
Dr Merchandize inventory
Cr Accounts Payable

1. 👍
2. 👎

## Similar Questions

1. ### calculus

The net monthly profit, in dollars, from the sale of a certain item is given by the formula P(x) = 10^6[1 + (x-1)e^0.001x], where x is the number of items sold. a) Find the number of items that yield the maximum profit. At full

1. You've told Dan, a new contact, that you're looking for a qualified sales representative. Now you want to find out if there's any way you can help his business. What's an effective way to approach the question? A. Give him your

3. ### math

Suppose the cost of producing x items is given by C(x)=1000-x^3, and the revenue made on the sale of x-items is R(x)=100x-10x^2. Find the number of items which serves as a break-even point.

4. ### Accounting

What would the journal entry be for this transaction? sent a reminder to Gomez Co to pay the fee for services recorded on November 8 There would be no entry since a transaction did not take place.

1. ### Entrepreneurship I

1. Describe 3 trends that you've noticed, and explain how each one might generate a small business opportunity. (3-6 sentences. 3.0 points) 2. Make a list of at least 5 business ideas that interest you. (2.0 points) 3. Explain

2. ### algebra

The total cost (in dollars) for a company to manufacture and sell x items per week is C=50x+40 whereas the revenue brought in by selling all x items is R=68x−0.3x^2. How many items must be sold to obtain a weekly profit of \$200?

3. ### Math

Mrs. Jacobson wants to order toy instruments to give as prizes to her music students. The table shows the prices for various order sizes. Whistles 25 items=\$21.25 50 items=\$36.00 80 items=\$60.00 Kazoos 25 items=\$10.0 50

4. ### accounting I

The general manager of a business encounters many different types of business transactions. Provide an example of a transaction that would describe the effect on the accounting equation. Each situation is independent of the other

a market researcher predicted that the profit function for the first year of a new business would be p(x)= -0.3x^2 + 3x -15, where x is based on the number of items produced. will it be possible for the business to break even in