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Ott Company sold services for cash. What are the effects on the fundamental accounting equation? Assets increase; liabilities, no effect; owner's equity increases. Assets
Ott Company sold services for cash. What are the effects on the fundamental accounting equation? Assets increase; liabilities, no effect; owner's equity increases. Assets decrease; liabilities, no effect; owner's equity increases. Assets increase; liabilities, no effect; owner's equity decreases. Assets increase; liabilities, increase; owner's equity, no effect.
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