Question: A business purchased supplies for cash. The business will decrease its Cash account and: A) increase its Supplies account. B) decrease its Supplies account. C)

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

A) increase its Supplies account.

B) decrease its Supplies account.

C) increase its Supplies Payable account decrease stockholder's equity by recording Supplies Expense for the amount of the payment.

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