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2810 - Hospitality Management Accounting A business owns $220,000 assets and has $140,000 liabilities. If they buy $30,000 furniture on account and pay $2,000 for monthly rent, then the balance of Assets and Liabilities will change to: n O a. A=$248,000 L=$160,000 O b. A=$188,000 L=$150,000 OcA=$248,000 L=$170,000 O d. A=$248,000 L=$132,000