Question: Question 4 ( 1 point ) What is the effect of the following business activity on the element indicated? Purchased office supplies for cash, $

Question 4(1 point)
What is the effect of the following business activity on the element indicated?
Purchased office supplies for cash, $256.--- Liabilities
increase
increase to one and decrease to another
no effect
decrease
Question 4(1 point) What is the effect of the following business

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