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QUESTION 1 How does receiving a bill to be paid next month for services received affect the accounting equation a . liabilities increase; owner's equity

QUESTION

1

How does receiving a bill to be paid next month for services received affect the accounting equation

.

liabilities increase; owner's equity decreases

.

liabilities increase; owner's equity increases

.

assets increase; liabilities increase

.

assets decrease; owner's equity decreases

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