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CHALLENGING 4.24 Understanding business transactions LO3,4 For each of the following transaction outcomes, describe an example of a transaction that would result in that outcome.

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CHALLENGING 4.24 Understanding business transactions LO3,4 For each of the following transaction outcomes, describe an example of a transaction that would result in that outcome. (a) Both asset and equity accounts decreased. (b) Both asset and equity accounts increased (c) Liability account increased and equity account decreased. (d) One asset account increased and another asset account decreased. (e) One asset account increased, another asset account decreased and a liability account increased

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