a list of effects on the accounting equation follows 1 increases a list of effects o 4136480

February 10, 2021/in Business Homework Help Online /by Joseph

A list of effects on the accounting equation follows 1 Increases

A list of effects on the accounting equation follows.

1. Increases an asset and increases a liability.

2. Increases an asset and increases owner’s equity.

3. Decreases an asset and decreases a liability.

4. Decreases owner’s equity and decreases an asset.

5. Increases a liability and decreases owner’s equity.

6. Increases one asset and decreases another asset.

Instructions

For each effect, give an example of a transaction that would cause it.

A list of effects on the accounting equation follows 1 Increases

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