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

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Definitions:

Cristae

Shelflike or fingerlike inward projections of the inner membrane of a mitochondrion.

Inner Membrane

The membrane located towards the interior of an organelle, especially significant in mitochondria and chloroplasts for energy generation.

Cell Cortex

The outer layer of the cytoplasm of a cell, usually enriched with actin filaments, which helps to maintain the cell's shape and to facilitate cellular movement.

Actin Filaments

Thin filaments consisting mainly of the protein actin; actin and myosin filaments make up the myofibrils of muscle fibers.