For each of the following transactions,identify the effects as reflected in the accounting equation.Use "+" to indicate an increase and "-" to indicate a decrease.Use "A","L",and "E" to indicate assets,liabilities,and equity,respectively.Part A has been completed as an example.

Accounting Equation

A fundamental principle of accounting stating that assets equal liabilities plus owners' equity, representing the balance sheet's structure.

Assets

Resources owned or controlled by a business, expected to produce benefits or economic value in the future.

Liabilities

The financial obligations of a business entity, including debts and other amounts owed to creditors.