Review each event below and determine what would likely be the type of items exchanged in the transaction.

• If a company obtained a bank loan, it would record that it received a(n) ["asset", "liability", "equity", "revenue", "expense"] in exchange for a(n) ["asset", "liability", "equity", "revenue", "expense"]
• If a company purchased equipment, it would record that it received a(n) ["asset", "liability", "equity", "revenue", "expense"] in exchange for a(n) ["asset", "liability", "equity", "revenue", "expense"]
• If a company paid for utilities used, it would record a(n) ["asset", "liability", "equity", "revenue", "expense"] for services used in exchange for a(n) ["asset", "liability", "equity", "revenue", "expense"]

Each bullet point contains two answers. All help is appreciated. Thanks.