When supplies are paid for with cash, which accounts increase or decrease? a. Supplies increase; Cash increases.

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When supplies are paid for with cash, which accounts increase or decrease?

a. Supplies increase; Cash increases.

b. Supplies increase; Accounts Payable increases.

c. Supplies increase; Cash neither increases nor decreases.

d. Supplies increase; Cash decreases.

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College Accounting Ch 1-14

ISBN: 9780073346892

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: May 09, 2024 02:01 AM

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When supplies are paid for with cash, which accounts increase or decrease? a. Supplies increase; Cash increases.

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College Accounting Ch 1-14

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