The problem did not provide the transaction. In order to still answer the question, the writer will provide the possible transactions that may results in the following choices:

a. expenses incurred

When expenses are incurred, an entry will include a debit to expense account and a credit to payable account. Therefore, the equity account will be decreased with a corresponding increase to the liability account.

b. liabilities increased

Liabilities are increased when expenses are incurred or when there are unpaid purchases. Therefore, this transaction may result in either increase in asset or expense and a corresponding increase in liability.

c.Assets increased

Asset accounts can be increased when there are purchases made and these are not paid through cash. Transactions that will increase the asset account will also result in an increase in liability or equity accounts.