On November 1, Teagues Inc. purchased $15,000 of inventory on account. When Teagues Inc. records the transaction

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On November 1, Teagues Inc. purchased $15,000 of inventory on account. When Teagues Inc. records the transaction on November 1, it will increase Inventory $15,000 and: Group of answer choices decrease Accounts Receivable $15,000. increase Accounts Payable $15,000. increase Retained Earnings $15,000. decrease Cash $15,000