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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

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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 on the accounting equation: 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. 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

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