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Clipper Co. pays $2, 250 cash for supplies. For the transaction above, complete the following: (a) Select the accounts that are affected (there will be

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Clipper Co. pays $2, 250 cash for supplies. For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) What is the dollar amount of change in the accounts? (d) If Retained Earnings is selected, choose the reason that it has changed

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