Option 1 An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense. Define an "asset" and provide at least three examples of asset accounts. Define a "liability" and provide at least three examples of liability accounts. List "equity" accounts and provide at least one example for each type. Option 2 Small business focus Thinking of a local small business that you are familiar with or work at (a grocery store, a farm, a dry cleaner, etc.), what are the assets, liabilities, and equity accounts that are common to that business