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. 1. Which of the following would result if the business purchased supplies on credit? Supplies would increase and Cash would decrease. b. Supplies would

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. 1. Which of the following would result if the business purchased supplies on credit? Supplies would increase and Cash would decrease. b. Supplies would increase and Capital would increase. Supplies would increase and Accounts Payable would increase. d. The purchase of supplies is not a business transaction

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