Multiple Choice
Pat purchased $8,000 of new electronic equipment for her BJ Company on open account. The effect on the basic accounting equation was to:
A) increase Cash $8,000 and increase Equipment $8,000.
B) increase Equipment $8,000 and increase Accounts Payable $8,000.
C) decrease Cash $8,000 and increase Accounts Payable $8,000.
D) decrease Cash $8,000 and increase Equipment $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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