Business, 12.02.2021 06:40 josephcarriveau

Oriole Bite Diner received a bill of $630 from the Monty Wine Advertising Agency. The owner, K. T. Lang, is postponing payment of the bill until a later date. The effect on specific items in the basic accounting equation is a. decrease in Cash and an increase in Accounts Payable. b. decrease in Cash and an increase in Owner’s Capital. c. increase in Accounts Payable and a decrease in Owner’s Capital. d. decrease in Accounts Payable and an increase in Owner’s Capital

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Oriole Bite Diner received a bill of $630 from the Monty Wine Advertising Agency. The owner, K. T. L...