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Question 6 (10 points) A company purchases $10,000 worth of equipment on account. What effe this transaction have on the equity account? Increases Decreases No Effect
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Question 6 (10 points)

A company purchases $10,000 worth of equipment on account. What effe
this transaction have on the equity account?
Increases
Decreases
No Effect

User Jnpdx
by
6.1k points

1 Answer

4 votes

Answer:

Equity is not changed by credit or purchases on account.

The correct is C. It has no effect

Step-by-step explanation:

I am positive. Have a great day!

User Christophe De Troyer
by
5.7k points
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