I have all of the others correct. The only one I am unsure of is #7 under the “Transactions” title. There is a small dropbox with 4 possible answers. It is NOT “Assets increase and liabilities increase.” or “Assets increase and stockholders’ equity increases.” So it must either be “Assets decrease and stockholders’ equity decreases.” or “One asset increases and another asset decreases.”
Please choose between the two that I have stated the answer must be. I only have 1 attempt remaining and so it is make or break so please be sure the answer you provide is 100% correct so that I will get credit for the answer on my HW. Thank you!!