Which accounts are affected, and in which direction, by the following business activity? Use account...
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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. Paid the bill of $ for supplies purchased last month. Question options: Increase Supplies Increase Cash Increase Supplies Expense Decrease Cash No entry required Decrease Supplies Decrease Accounts Payable Increase Accounts Payable Decrease Supplies Expense Increase Accounts Receivable Decrease Accounts Receivable
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.
Paid the bill of $ for supplies purchased last month.
Question options:
Increase Supplies
Increase Cash
Increase Supplies Expense
Decrease Cash
No entry required
Decrease Supplies
Decrease Accounts Payable
Increase Accounts Payable
Decrease Supplies Expense
Increase Accounts Receivable
Decrease Accounts Receivable
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