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The quality of debits and credits provides the basis for the double-entry system of recording transactions. Please respond to the following: Give an example of

The quality of debits and credits provides the basis for the double-entry system of recording transactions.

Please respond to the following:

Give an example of a transaction that results in:

A decrease in an asset and decrease in a liability.

A decrease in one asset and increase in another asset.

A decrease in one liability and increase in another liability.

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