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Presented below are three business transactions. For each column, indicate whether the transactions increased, decreased, or had no effect on assets, liabilities, and stockholders' equity.

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Presented below are three business transactions. For each column, indicate whether the transactions increased, decreased, or had no effect on assets, liabilities, and stockholders' equity. Assets Liabilities Stockholders' Equity (a) Purchased supplies on account. (b) Received cash for performing a service. (c) Paid expenses in cash

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