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InstaChat Company pays $ 4 , 0 0 0 for supplies it had previously purchased on account in a prior period. This will increase SUPPLIES

InstaChat Company pays $4,000 for supplies it had previously purchased on account in a prior period. This will
increase SUPPLIES EXPENSE and decrease CASH
increase SUPPLIES and decrease CASH
increase DEPRECIATION EXPENSE and decrease CASH
decrease ACCOUNTS PAYABLE and decrease CASH
decrease ACCOUNTS RECEIVABLE and decrease CASH
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