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Which transaction would cause one asset to increase and another asset to decrease? A. The owner invested cash in the business. B. The business paid a creditor. C. The business i…

Which transaction would cause one asset to increase and another asset to decrease? A. The owner invested cash in the business. B. The business paid a creditor. C. The business i…
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Which transaction would cause one asset to increase and another asset to decrease?

A. The owner invested cash in the business.
B. The business paid a creditor.
C. The business incurred an expense on credit.
D. The business bought supplies for cash.

User Luhn
by
8.2k points

1 Answer

4 votes
The answer is C or D
User Rodrigo Salvo
by
8.5k points
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