Question: Question 6 ( 2 points ) Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded
Question points
Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply.
Purchase equipment for $ cash.
Question options:
Decrease Equipment Expense
No entry required
Increase Cash
Decrease Accounts Receivable
Increase Equipment Expense
Increase Accounts Payable
Increase Accounts Receivable
Decrease Equipment
Decrease Accounts Payable
Decrease Cash
Increase Equipment
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