On July 6, Long Company issued an $80,000. 6%, 90-day note payable to Short Company. Assume that the fiscal year of Long Company ends July 31. What is the face value of the note? $84,800 $81,200 $80,400 $80.000 Question 34 1.5 pts On July 6, Long Company issued an $80,000, 6%, 90-day note payable to Short Company. Assume that the fiscal year of Long Company ends July 31. What is the maturity value of the note? $81,200 $84,800 $80,000 $80,400 Question 2 How does the purchase of supplies on account affect the accounting equation? assets increase; owner's equity decreases liabilities increase; owner's equity decreases assets increase; liabilities decrease assets increase; liabilities increase Provinur