Match Each Transaction with Its Effect on the Accounting Equation

question 77

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Paid wages

• 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:

Differences

Variations or disparities among individuals, objects, ideas, or phenomena, highlighting diversity or distinction.

Avoid Conflict

The practice or strategy of preventing or minimizing disputes, disagreements, or confrontations.

Positive Thinking

A mental attitude focusing on optimism and constructive outcomes, which can influence one's stress level and overall health.

Conflict Resolution

The process of resolving disputes or conflicts through communication, negotiation, or other means.