E1-19 Papa Sam’s Corporation

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E1-19 Using the accounting equation to analyze transactions [5–10 min]
As the manager of a Papa Sam’s Corporation restaurant, you must deal with a variety
of business transactions.

1. Give an example of a transaction that has each of the following effects on the
accounting equation

a. Increase one asset and decrease another asset.
b. Decrease an asset and decrease stockholders’ equity.
c. Decrease an asset and decrease a liability.
d. Increase an asset and increase stockholders’ equity.
e. Increase an asset and increase a liability.