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If a company uses $$1\mathrm{.}610$ of its cash to purchase supplies, the effect on the accounting equation would be:

Multiple Onoice

Assets decrease $$1,610$ and equity increases $$1,650$

One asset increases $$1610$ and another asset decreases $$4620$ causing no effect.

Assets increase $$1,610$ and liabilities decrease $$1,610.$

Assets increase $$1\mathrm{.}690$ and liabilities increase $$1\mathrm{.}610$

Assets decrease $$1,680$ and equity decreases $$1,610.$