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Question 5 (1 point) What is the effect of the following business activity on the element indicated? Received inventory worth $1,200 from your supplier, purchased
Question 5 (1 point) What is the effect of the following business activity on the element indicated? Received inventory worth $1,200 from your supplier, purchased with terms 1/10, n/30. --- Assets 1) increase to one and decrease to another 2) decrease 3) no effect 4) increase Question 6 (1 point) What is the effect of the following business activity on the element indicated? Provided 2 months of services to a customer who paid $900 in advance for 3 months of services. --- Liabilities 1) increase 2) decrease 3) no effect 4) increase to one and decrease to another MacBook Pro
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