Purchasing office furniture with cash will a. reduce cash and increase furniture on the Balance Sheet. This transaction will be classified as an investing activity. b. reduce cash and increase furniture on the Balance Sheet. This transaction will be classified as an operating activity. c. increase cash and reduce accounts payable. This transaction will be classified as a financing activity. d. reduce cash and redce accounts payable. This transaction will be classified as an operating activity.

Purchasing office furniture with cash will reduce cash and increase furniture on the Balance Sheet. This transaction will be classified as an investing activity. reduce cash and increase furniture on the Balance Sheet. This transaction will be classified as an operating activity. increase cash and reduce accounts payable. This transaction will be classified as a financing activity. reduce cash and reatere accounts payable. This transaction will be classified as an operating activity