CamdenJimduh1686 CamdenJimduh1686

28-02-2024
Business

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A bakery company receives its utility bill of $800 for the month and pays it in cash immediately. How would this transaction affect the accounting equation?
a. Increase assets and decrease liabilities.
b. Decrease assets and decrease liabilities.
c. Increase assets and increase liabilities.
d. Decrease assets and increase liabilities.

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