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Suppose a company paid for the cost of inventory purchased on credit in the prior month. What was the effect of this payment transaction on
Suppose a company paid for the cost of inventory purchased on credit in the prior month. What was the effect of this payment transaction on the company's assets, liabilities and equities? Group of answer choices ASSETS LIABILITIES EQUITIES unchanged decreased increased ASSETS LIABILITIES EQUITIES decreased unchanged decreased ASSETS LIABILITIES EQUITIES decreased decreased unchanged ASSETS LIABILITIES EQUITIES unchanged increased decreased
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