Question: D Question 21 3.9 pts AquaSpa is an up-scale spa that offers different types of massages - deep tissue, Swedish, and hot stones. This

D Question 21 3.9 pts AquaSpa is an up-scale spa that offers

D Question 21 3.9 pts AquaSpa is an up-scale spa that offers different types of massages - deep tissue, Swedish, and hot stones. This holiday season the most popular gift is expected to be gift cards. When a person purchases a gift card for cash, the effect on AquaSpa's balance sheet is: O Assets increase Liabilities increase Equity no effect Assets Liabilities Equity increase no effect increase Assets Liabilities Equity no effect decrease increase Assets Liabilities Equity no effect increase decrease Assets Liabilities no effect no effect Equity no effect

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