Chapter 2, Problem 2.4S

(Learning Objective 2: Show the impact of transactions on the accounting equation) Dazzle Fashion is a clothing retailer. During August, the company completed a series of transactions. For each of the following items, give an example of a transaction that has the described effect on Dazzle's accounting equation.

1. a. Increase one asset and decrease another asset.
2. b. Increase an asset and increase stockholders’ equity.
3. c. Increase an asset and increase a liability.
4. d. Decrease an asset and decrease stockholders’ equity.
5. e. Decrease an asset and decrease a liability.