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1 4 . Which of the following transactions will cause an increase on both sides ( left and right ) of the basic accounting equation?
Which of the following transactions will cause an increase on both sides left and right of the
basic accounting equation?
A Collection of cash from a customer who purchased merchandise on account.
B Payment to a supplier for inventory purchased on account.
C Providing services that were paid for in advance.
D Purchase of equipment for cash.
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