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Becky's Catering received a cash advance of $ 1 , 5 0 0 for a party to be held in the future. This cash advance

Becky's Catering received a cash advance of $1,500 for a party to be held in the future. This cash advance means that the caterer's by $1,500.
liabilities decreased
assets increased
stockholders' equity increased
assets and stockholders' equity both increased
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