Question: Steven opened a small caf, which she called the M-Y Bistro. During the first week, she purchased food for $8,323 on account from The Organic

Steven opened a small caf, which she called the M-Y Bistro.

Steven opened a small caf, which she called the M-Y Bistro. During the first week, she purchased food for $8,323 on account from The Organic Food Co. How would this transaction be reflected in the accounting equation? Increase Cash and decrease Food Inventory Increase Food Inventory and Increase Accounts Payable O Decrease Building and Increase Cash Increase Owner's Equity

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