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A business receives a bill for services rendered from one of its suppliers. The business will pay the supplier next month. When the business
A business receives a bill for services rendered from one of its suppliers. The business will pay the supplier next month. When the business receives th its supplier, how does this affect the accounting equation? Your answer: O Assets decrease; owner's equity decreases. O Liabilities increase; owner's equity decreases Assets increase; liabilities increase. O Liabilities increase; owner's equity increases Clear answer
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