There are two accounts that are increased with debits. Explain what those accounts are and on which financial statement they appear. There are three accounts that are increased with credits. Name those accounts and indicate on which financial statement they appear. When you are analyzing business transactions, at least two accounts are affected. Those two accounts can have increases to each account. Those two accounts can also have decreases to each account. So here's something very important to consider when analyzing transactions:

You can have two increases.

You can have two decreases.

You can have an increase and a decrease.

You can never have a debit without a credit. When analyzing transactions, the debits must always equal the credits.

1. Post an example of a transaction where there are two increases. You will still need to have at least one debit and one credit. Indicate which account will be debited and which will be credited.

2. Post and example of a transaction where there are two decreases. You will still need to have at least one debit and one credit. Indicate which account will be debited and which will be credited.

3. Post an example of a transaction where there is an increase and a decrease. You will still need to have at least one debit and one credit. Indicate which account will be debited and which will be credited.

Thanks in advance for your help!!