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Effect of Transactions on Accounting Equation Describe how the following business transactions affect the three elements of the accounting equation. >Paid for utilities used in
Effect of Transactions on Accounting Equation
Describe how the following business transactions affect the three elements of the accounting equation.
>Paid for utilities used in the business.
(increases assets and decreases assets, or increases assets and decreases liabilities, or decreases assets and increases liabilities, or decreases assets and decreases owner's equity, or increases assets and decreases owner's equity.)
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