Question: On 8 / 1 , supplies costing $ 5 0 0 were purchased on credit. Record this transaction in the accounting equation by: Multiple choice

On 8/1, supplies costing $500 were purchased on credit. Record this transaction in the accounting equation by:
Multiple choice question.
increasing Supplies, and increasing Accounts Payable
increasing Supplies, and decreasing Expenses
increasing Cash, and increasing Supplies
decreasing Cash, and increasing Supplies

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