Match Each Transaction with Its Effect on the Accounting Equation

question 139

Multiple Choice

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

• 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:

Sac Fungus

A group of fungi characterized by the production of spores in sac-like structures called asci.

Conidia

Asexual, non-motile spores of fungi that are often produced in large numbers and serve as the primary means of reproduction for many fungal species.

Cuplike Structure

A cuplike structure is a physical form resembling a cup, often found in biological organisms as part of organs or within certain plant species to collect or hold substances.

Sexual Reproductive

A biological process involving the combination of genetic materials from two parents to create offspring with genetic variation.