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The accounting equation for Ying Company shows a decrease in its assets and a decrease in its equity, Which of the following transactions could have

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The accounting equation for Ying Company shows a decrease in its assets and a decrease in its equity, Which of the following transactions could have caused that effect? Multiple Choice Cash was received from providing services to a customer. The company paid an amount due on Credit O Equipment was purchased for cash. A utility but was received for the current month, to be paid in the following month. Advertising expense for the month was paid in cash

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