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7. Which of the following transactions would increase total assets?I. Borrowed cash on a note payable, $80,000II. Provided services on account, $10,000III. Received cash

7. Which of the following transactions would increase total assets?I. Borrowed cash on a note payable, $80,000II. Provided services on account, $10,000III. Received cash from a customer as payment on account, $8,000IV. Received a utility bill, $1,200 (2) A.I and II B.I and III C.I, II, and III D.All of these answers are correct.

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