How does the purchase of office equipment on account affect the accounting equation?
a. asset...
Computers and Technology, 25.01.2020 17:31 ericchen4399
How does the purchase of office equipment on account affect the accounting equation?
a. assets increase, and liabilities decrease.
b. assets increase, and owner’s equity increases.
c. assets increase, and liabilities increase.
d. liabilities increase, and owner’s equity decreases
Answers: 2
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