Match Each Transaction with Its Effect on the Accounting Equation

question 145

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Provided a service to a customer on account

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease owner's equity
• C)Increase assets, increase owner's equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease owner's equity

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Definitions:

3-Phase

Refers to an electric power system that uses three alternating currents of the same frequency, which are out of phase with each other by 120 degrees, to deliver power in a more efficient manner than single-phase electricity.

Full-Rectification

The conversion of AC (alternating current) to DC (direct current) using both halves of the input waveform, usually in power supply or electronic signal processing.

Rotor

The rotating part of an electrical or mechanical device, such as the part in an electric generator or motor which turns around a stationary part called a stator.

Stator

(1) A stationary element in a rotating component; (2) The stationary member of an alternator into which electrical current is induced by the rotor; (3) Intermediary in a torque converter torus located between the impeller and turbine; redirects oil from the turbine back to the impeller.