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Which of the following transactions would have no effect on total assets, total liabilities, or owner's equity? a. Paying a vendor on account b. Borrowing
Which of the following transactions would have no effect on total assets, total liabilities, or owner's equity?
a. Paying a vendor on account
b. Borrowing cash and issuing a note payable
c. Purchasing office equipment on account
d. Purchasing office supplies for cash
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