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Miss Wright, the owner, pays $1,400 to advertise in the current edition of a local newspaper. Required: What is the effect of this transaction on

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Miss Wright, the owner, pays $1,400 to advertise in the current edition of a local newspaper. Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, and the Owner's Equity account? Check all that apply. F An asset account increases. A liability account increases. An asset account decreases A liability account decreases Owner's Equity decreases Owner's Equity increases

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