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Business, 19.10.2021 14:00 aaron0828

company purchases equipment costing $5,500 on credit, the effect on the accounting equation would be: Multiple Choice Equity decreases $5,500 and liabilities increase $5,500 Assets increase $ 5.500 and liabilities decrease $5,500 . One asset $5,500 and another asset decreases $ 5,500 . Equity increases $ 5,500 and abilities decrease $5.500 . Assets increase \$5,500 and liabilities increase $ 5,500

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