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Business, 09.04.2021 14:00 Rosemckinney2351

A company paid an old bill from a previous month for $300 cash. The effect of this transaction in the basic accounting equation is * A decrease in Cash and an increase in Accounts Payable
A decrease in Cash and an increase in Owner’s Capital
An increase in Accounts Payable and a decrease in Owner’s Capital
None of the above

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A company paid an old bill from a previous month for $300 cash. The effect of this transaction in th...

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