Match Each Transaction with Its Effect on the Accounting Equation

question 62

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Cash investment by owner

• 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:

Planetary System

A collection of celestial bodies orbiting a star, including planets, moons, asteroids, and comets.

Earth's Orbit

The path that the Earth follows around the Sun, which is elliptical in shape and takes approximately 365.25 days to complete one full cycle.

Year-round

Occurring, effective, employed, staying, or open all year; not restricted to or by particular seasons.

Rock Cycle

A conceptual framework presenting possible paths and processes to which a rock can be subjected as it moves from one place to another and between different depths within Earth.