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Please eplain answer thoroughly What is the effect on the balance sheet of r... What is the effect on the balance sheet of recording a

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What is the effect on the balance sheet of r... What is the effect on the balance sheet of recording a $200 cash purchase of raw materials? Assets decrease by $200 and equity decreases by $200 Assets and equity do not change Assets increase by $200 and equity increases by $200 Assets increase by $200 and equity does not change

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