The general manager of a business encounters many different types of business transactions. Provide an example of a transaction that would describe the effect on the accounting equation. Each situation is independent of the other situations.

a. The transaction would increase an asset account and increase a liability account.

b. The transaction would decrease an asset account and decrease the owner�s equity account.

c. The transaction would increase an asset account and increase owner�s equity account.

d. The transaction would decrease an asset account and decrease a liability account.

e. The transaction would increase one asset account and decrease another asset account.

f. The transaction would decrease one liability account and increase another liability account.