Question: 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

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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