Exam 3 - Part 1 of 1 Question 1 of 20 A liability would be...

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Part 1 of 1 - 80.0/ 100.0 PointsQuestion 1 of 200.0/ 5.0 PointsA liability would be credited and an expense debited if __________.A. the business paid a creditorB. the business incurred an expense and did not pay the expense immediatelyC. the business bought supplies on accountD. the business bought supplies for cash
Question 2 of 200.0/ 5.0 PointsThe owner invested personal equipment in the business. To record this transaction __________.
Question 3 of 205.0/ 5.0 PointsWhat would be the effect on accounts if the owner withdrew cash?
Question 4 of 205.0/ 5.0 PointsThe left side of any account is the __________.

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