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Moore Company purchases store supplies for $3,700, paying 20% of the amount due in cash and agreeing to pay the balance at a later date

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Moore Company purchases store supplies for $3,700, paying 20% of the amount due in cash and agreeing to pay the balance at a later date Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Carital Stack account, and the Beast Check all that apply. O An asset account increases A liability account increases Capital Stock increases Retained Earnings increase An asset account decreases A liability account decreases Capital Stock decreases Retained Earnings decrease 5

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