Bonita Diner received a bill of $690 from the Grouper Wine Advertising Agency. The owner of...

 

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Bonita Diner received a bill of $690 from the Grouper Wine Advertising Agency. The owner of Bonita Diner, K.T. Lang, is postponing payment of the bill until a later date. The effect on specific items in the basic accounting equation for Bonita Diner is O a decrease in Cash and an increase in Accounts Payable. O a decrease in Cash and an increase in Owner's Capital. O a decrease in Accounts Payable and an increase in Owner's Capital. O an increase in Accounts Payable and a decrease in Owner's Equity Ofured Submit Answer Bonita Diner received a bill of $690 from the Grouper Wine Advertising Agency. The owner of Bonita Diner, K.T. Lang, is postponing payment of the bill until a later date. The effect on specific items in the basic accounting equation for Bonita Diner is O a decrease in Cash and an increase in Accounts Payable. O a decrease in Cash and an increase in Owner's Capital. O a decrease in Accounts Payable and an increase in Owner's Capital. O an increase in Accounts Payable and a decrease in Owner's Equity Ofured Submit Answer

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