The following entry was recorded in the books of Brighty Company.Jan. 12 Inventory
8,000
Accounts Payable-HST, Inc.8,000
Purchased inventory on account.What is the impact of this entry on the accounting equation?
A) an increase in Assets and an increase in Equity
B) an increase in Assets and an increase in Liabilities
C) a decrease in Assets and a decrease in Liabilities.
D) a decrease in Assets and a decrease in Liabilities
Correct Answer:
Verified
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