Question: BK What is the proper way to record a decrease in an asset account and a decrease in a liability account? Asset, credit liability, credit

BK What is the proper way to record a decrease in an asset account and a decrease in a liability account? Asset, credit liability, credit Asset, debit: liability, credit Asset debit; liability, debit Asset, credit, liability, debit 12 On January 1, a company has total assets of $700,000, total liabilities of $500,000, and total equity of $200,000. On January 1, the company entered into

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