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Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply.
Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Purchased flyers for $49.95 plus HST using your credit card. Select one or more: a. increase Accounts Receivable b. decrease Advertising Expense no entry required C. d. increase Prepaid Advertising increase Cash decrease Accounts Payable e. f. g. decrease Cash h. increase Advertising Expense i. decrease Prepaid Advertising j. decrease Accounts Receivable k. increase Accounts Payable
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