For each of the following categories, state concisely a transaction that will have the required effect on

Question:

For each of the following categories, state concisely a transaction that will have the required effect on the elements of the accounting equation.

a. Increase an asset and increase a liability.
b. Decrease an asset and decrease a liability.
c. Increase one asset and decrease another asset.
d. Increase an asset and increase owners’ equity.
e. Increase one asset, decrease another asset, and increase a liability.

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