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Bryant company purchases printing caugment for $3,000, paying 10% of the amount due in cash and agreeing to pay the balance at a later date.

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Bryant company purchases printing caugment for $3,000, paying 10% of the amount due in cash and agreeing to pay the balance at a later date. Required: What is the effect of this transaction on Individual asset accounts, Individual liability accounts, the Castal Stock account, and the Retained Earnings account? Check all that apply. D An asset account increases A lability account increases An asset account decreases A liability account decreases. Capital Stock decreases Retained Earnings decrease Capital Stock increases Retained Earnings Increase D

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