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On 6/25, supplies costing $1,000 were purchased on credit, but only $400 of this amount was paid on 6/25. The remainder of the bill is
On 6/25, supplies costing $1,000 were purchased on credit, but only $400 of this amount was paid on 6/25. The remainder of the bill is owed on account. To record this transaction on 6/25: Supplies would be increased by $ (1,000/400/600); Cash would be decreased by $ (1.000/400/600) and Accounts Payable would be increased by $ (1.000/400/600). Given the accounts below, choose all of the ones that affect equity. (Check all answers that apply.) Accounts Payable Revenues
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