Accounting El-25 Using the accounting equation analyze transactions to 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 the following effects the accounting equation: on a. Increase one asset and decrease another asset. b. Decrease an asset and decrease equity c. Decrease an asset and decrease a liability d. Increase an asset and increase equity. e. Increase an asset and increase a liability