Solved: Increase its supplies account decrease its supplies account, Accounting Basics

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Increase its supplies account decrease its supplies account

A business purchased supplies for cash. The business will decrease its Cash account and:

Increase its Supplies account. decrease its Supplies account. Increase its Supplies Payable accountdecrease stockholder's equity by recording Supplies Expense for the amount of the payment.

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Accounting Basics: Increase its supplies account decrease its supplies account

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Accounting Basics: Increase its supplies account decrease its supplies account

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