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A company pays for stationary worth 500 using cash? How is this transaction entered onto the company balance sheet? Increase trade creditors by 500 and

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A company pays for stationary worth 500 using cash? How is this transaction entered onto the company balance sheet? Increase trade creditors by 500 and decrease retained profits by 500. None of the shown options. Increase stock by 500 and decrease retained profits by 500. Decrease cash by 500 and decrease retained profits by 500. Increase trade creditors by 500 and increase stock by 500

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