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For each of the following transactions, match a category that will have the required effect on the elements of the accounting equation. table [
For each of the following transactions, match a category that will have the required effect on the elements of the accounting equation.
tableTransactionCategoriesThe purchase of office equipment on credit.,Decrease an asset and decrease a liability.The cash payment of an account payable.,The collection of an account receivable.,The investment of cash in the business by the owners.,tableThe purchase of an automobile paying part of the cost in cash and promising topay the remainder at a later date.
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