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During April, Spokes Ltd. completed a series of transactions. For each of the following items,...

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Accounting

During April, Spokes Ltd. completed a series of transactions. For each of the following items, give an example of a business transaction that has the described effect on the accounting equation of Spokes Ltd.

  1. Increase one asset, and decrease another asset.
  2. Decrease an asset, and decrease shareholders' equity.
  3. Decrease an asset, and decrease a liability.
  4. Increase an asset, and increase shareholders' equity.
  5. Increase an asset, and increase a liability.

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