a. As the manager of a Papa Sean's restaurant, you must deal with a variety of business transactions. Give an example of a transaction that has each of tho following effects on the accounting equation: Increase one asset and decrease another asset. Decrease an asset and decrease equity Decrease an asset and decrease a liability, Increase an asset and increase equity Increase an asset and increase a liability. b. c. d. 0. a. Increase one asset and decrease another asset. Cash purchase of office supplies b. Decrease an asset and decrease equity. Paid cash on accounts payable. LU Borrowed money from the bank. Cash purchase of office supplies Made a cash sale for services. Owner withdrew cash from the business Paid cash on accounts payable. Refinanced the line of credit with a long-term note payable SCI