Match Each Transaction with Its Effect on the Accounting Equation

question 44

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Paid part of an amount owed to a creditor

• 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

---

Definitions:

Contacts

Connections or relationships with other people that can provide support, access to information, or resources.

Implicit Retrieval

A process in which memories are recalled without conscious awareness or effort, often demonstrated through the influence of past experiences on present behavior or thought.

Repetition Priming

A phenomenon where previous exposure to a stimulus enhances the ability to recall or recognize the same stimulus later.

Serial Reproduction

Serial reproduction is a process in communication or memory recall where information is relayed from one individual to another in a sequence, often leading to changes or distortions in the message.