Question: How will QAD record the March 7 transaction? (1 mark) a. increase Supplies and decrease Cash, $2,000 b. increase both Supplies Expense and Accounts Payable,

How will QAD record the March 7 transaction? (1 mark) a. increase Supplies and decrease Cash, $2,000 b. increase both Supplies Expense and Accounts Payable, $2,000 c. increase Supplies Expense and decrease Accounts Payable, $2,000 d. increase both Supplies and Accounts Payable, $2,000 e. increase both Equipment and Accounts Payable, $2,000 f. increase Equipment and decrease Cash, $2,000

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