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Which is correct option You paid $500 cash for last month's utility expense. Asset (Supplies) decreased $500 and Liabilities (Bills payable) increased $500 O Asset

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Which is correct option

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You paid $500 cash for last month's utility expense. Asset (Supplies) decreased $500 and Liabilities (Bills payable) increased $500 O Asset (Cash) decreased $500 and Equity (Expenses) decreased $500 O Assets (Cash) decreased $500 and Asset (Supplies) decreased $500

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