Increase assets and increase expenses.
Increase assets and decrease liabilities.
Increase assets and increase paid-in capital.
Increase assets and decrease revenues.

Increase assets and decrease liabilities

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And dkw54, if you insist upon doing people's work for them, at least get it right. Your answer doesn't even make any sense and can't even happen.

Increase assets and increase expenses.

Increase assets and increase paid-in capital

Tell me the righ answer

When a seller sells merchandise there are two journal entries;

1) Debit Cash or Accounts Receivable and Credit Sales

2) Debit Cost of Goods Sold and Credit Inventory.

Now you know what journal entries are made you will be able to figure out the correct answer to your question.