Several Transactions Are Listed

question 206

Multiple Choice

Several transactions are listed. Use the choices to identify the effect on the accounting equation for each transaction listed. (Choices may be used more than once.)
-paying for a previous purchase on credit

• A)assets and liabilities increase
• B)assets and contributed capital increase
• C)assets and retained earnings increase
• D)two asset accounts are impacted, but there is no net effect on total assets
• E)assets and liabilities decrease
• F)assets and retained earnings decrease
• G)liabilities increase and retained earnings decrease
• H)liabilities decrease and retained earnings increase

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Definitions:

Masturbation

Masturbation is the sexual stimulation of one's own genitals for pleasure, often leading to orgasm.

Candidiasis

A fungal infection caused by yeasts belonging to the genus Candida, commonly affecting the skin, mouth, or genital area.

Vaginal Itching

A discomforting and sometimes irritating sensation around the vaginal area, often caused by infections, irritants, or menopause.

Excoriation

The act of scratching or tearing off the skin, often as a symptom of a psychological condition.