What happened in the business


Question: The following is an accounting transaction. Based on this transaction, what happened in the business? Account Debit Credit Cash $100 Equipment $100 Group of answer choices The entrepreneur bought $100 worth of equipment with cash The entrepreneur bought $100 worth of inventory with cash It cannot be determined without more information The entrepreneur sold $100 worth of equipment and received cash

 

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Accounting Basics: What happened in the business
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