the effects of the given transactions on the accounting equation are:
- increase in assets and increase in equity.
- increase in assets and increase in liabilities.
- no change
- increase in assets and increase in equity.
- decrease in assets and decrease in liabilities.
- decrease in assets and decrease in equity.
- decrease in assets and decrease in equity.
- decrease in assets and decrease in equity.
- no change
- increase in assets and increase in liabilities.
how is the accounting equation affected?
an investment would increase assets (cash) and also increase equity. every expense such as salaries would decrease assets and equity.
incurring debt would increase assets and liabilties while paying off debt would decrease both asset (cash) and liabilities.
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