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10) Which of the following transactions would increase assets? I. Borrowed cash on a note payable, $50,000 II. Provided services on account, $6,000 III. Received

10) Which of the following transactions would increase assets?

I. Borrowed cash on a note payable, $50,000

II. Provided services on account, $6,000

III. Received cash from a customer as payment on account, $2,000

IV. Received a utility bill, $500

A) I and II

B) I and III

C) I, II, and III

D) All of these answers are correct.

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