1a. Who are the two organizations that set the accounting standards
for the U.S. and briefly decribe them?

1b. What business transaction or journal entry that would cause one
asset to increase and one asset to decrease with no effect to
liabilities or owners equity?

1c.  What business transaction or journal entry would cause both total
assets and liabilities to increase with no effect to owners equity?

1a - FASB and probably AICPA
1b - If you sold an asset for book value and put the money in the cash account
1c - Purchasing an asset with nothing down and financing the entire amount

1b.

Purchasing any asset with cash
Collection of accounts receivable

1c.

Purchasing any asset on credit (Accounts payable)