There Are Three Elements to the Accounting Equation: Assets,liabilities,and Stockholders

Essay

There are three elements to the accounting equation: assets,liabilities,and stockholders' equity.Below are five possible types of transactions.For each of these five types,write a description of an example that would illustrate this type of transaction.
$$\begin{array} { | l | c | c | c | c | } \hline \text { Type } & \text { Example of Tran saction } & \text { Assets } = & \text { Liabilities } + & \text { Stockholders' Equity } \\\hline 1 . & & \text { Increase } & \text { Increase } & - \\\hline 2 . & & \text { Increase } & - & \text { Increase } \\\hline 3 . & & \text { Decrease } & \text { Decrease } & - \\\hline 4 . & & \text { Decrease } & - & \text { Decrease } \\\hline 5 . & & \begin{array} { c } \text { Decrease } \\\text { Increase }\end{array} & - & - \\\hline\end{array}$$