For each of the following items, give an example of a business transaction that has the described

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For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:

a. Increase an asset and increase a liability Supplies

b. Increase one asset and decrease another asset. Accounts Receivabl

c. Decrease an asset and decrease owner's equity. dad

d. Decrease an asset and decrease a liability, po out of cash for Red 'f

e. Increase an asset and increase owner's equity. REVENUE

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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