For each of the following, describe a transaction that would have the stated effect on the accounting
Question:
For each of the following, describe a transaction that would have the stated effect on the accounting equation:
1. Increase an asset and increase a liability
2. Decrease one asset and increase another asset
3. Decrease an asset and decrease equity
4. Increase an asset and increase equity
5. Decrease a liability and decrease an asset
6. Decrease an equity item and decrease an asset.
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Related Book For 
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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