Please help me with my homework. I dont know about accounting. I like to see answers?

Please help me with my homework. I don't know about accounting. I like to see answers for example: For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:





Answers: Grade A+++

1.) Increased an Asset and Increase a Liability



Assets =

Liabilities +

Owner's Equity



Office Supplies

Accounts Payable

Cookie Lapp Capital



$ 500.00

$ 500.00



The Office Supplies assets and accounts payable would increase by $ 500.00 as the T-accounts shows.



2.) Increase one Asset and Decrease Another Asset.



Assets



Cash

Accounts Receivable

Land



$ 9,000.00

-

$ (9,000.00)



$ 1,000.00

$ (1,000.00)

-



The Office Supplies cash Assets and Accounts payable Liabilities would decrease by $9,000.00 and decrease by $1,000.00 as the T-accounts shows.



3.) Decreased an Asset and decrease an Owner's equity



Assets =

Liabilities +

Owner's Equity



Cash

Accounts Payable

Cookie Lapp Capital



Computer rent Expenses

Computer rent expenses



$ (600.00)

$ (600.00)



Office Rent expenses

Office Rent expenses



$ (1,100.00)

$ (1,100.00)



Employee Salary Expenses

Employee Salary Expenses



$ (1,200.00)

$ (1,200.00)



Utilities expenses

Utilities expenses



$ (400.00)

$ (400.00)



$ (3,300.00)

$ (3,300.00)



The Following Cash Assets and Capitals expenses owner's Equity would decreases by $3,300.00 as the T-accounts shows.



4.) Decreased an Asset and Decrease an Liabilities.



Assets =

Liabilities +

Owner's Equity



Cash

Accounts Payable

Cookie Lapp Capital



$ (300.00)

$ (300.00)













The Cash assets and Accounts Payable Liabilities would decrease by $300.00 as the T-accounts show.



5.) Increased an Asset and Increase an Owner's Equity



Assets =

Liabilities +

Owner's Equity



Cash

Accounts Payable

Cookie Lapp Capital



$ 30,000.00

$ 30,000.00



The business assets and Capital would increase by $30,000.00 as the T-accounts shows.





Reference



APA Citation



Horngren, C., %26amp; Harrison Jr., W. (2007). Accounting. Prentice Hall, Pearson Education, Inc.



Increase an asset and increase a liability.

Increase one asset and decrease another asset.

Decrease an asset and decrease owner's equity.

Decrease an asset and decrease a liability.

Increase an asset and increase owner's equity.

You should read the discussion on this topic throughout this week to evaluate and respond to your classmates' insights and comments.



In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.



Please help me with my homeworkPlease help me with my homework. I dont know about accounting. I like to see answers?
1. When we buy a laptop using Amex credit card for $ 5000, we will booked as follow :



Rule : Asset increase in debit. Liability increase in Credit



Debit Asset (laptop) $5000

Credit Payable to Amex $5000