Tina opens a business to do small printing jobs.Her first few transactions are shown below.For each of them,state which two of the following six possibilities occurred as a result of each transaction - an asset increased,an asset decreased,a liability increased,a liability decreased,equity increased,or equity decreased:
a.Tina invested $25,000 of her personal cash in the business
b.Tina purchased a high-speed copying machine on credit;the machine should last 4 years
c.Tina paid cash to a student she hired to make deliveries for her that day.

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The Answer of Tina opens a business to do small printing jobs.Her first few transactions are shown below.For each of them,state which two of the following six possibilities occurred as a result of each transaction - an asset increased,an asset decreased,a liability increased,a liability decreased,equity increased,or equity decreased:
a.Tina invested $25,000 of her personal cash in the business
b.Tina purchased a high-speed copying machine on credit;the machine should last 4 years
c.Tina paid cash to a student she hired to make deliveries for her that day.

Tina Opens a Business to Do Small Printing Jobs