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4) Prestwick Ltd paid 2,000 to a supplier who was owed money. What is the effect of this transaction? a) Assets: no change Equity: no

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4) Prestwick Ltd paid 2,000 to a supplier who was owed money. What is the effect of this transaction? a) Assets: no change Equity: no change b) Assets: decrease Equity: decrease c) Assets: decrease Current liabilities: decrease d) Assets: decrease Non. current liabilities: decrease

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