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Accounting Equations - Assets & Liabilities

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Increase an asset and increase a liability.
Increase one asset and decrease another asset.
Decrease an asset and decrease owner's equity.
Decrease an asset and decrease a liability.
Increase an asset and increase owner's equity.

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Solution Summary

The solution explains various transactions that result in the given events.

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Increase an asset and increase a liability.

When you borrow, cash (asset) will increase and borrowings (liability) will increase. A business transaction would be borrowing cash from a bank

Increase one asset and decrease ...

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