Paying for one year of rent in advance does not affect the accounting equation.
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Q105: The two components of stockholders' equity are
Q106: Amounts owed from customers are recorded in
Q107: Expenses have the effect of decreasing retained
Q108: Liability accounts increase with a credit and
Q109: Purchasing supplies on account increases the balance
Q111: Purchasing office supplies on account causes assets
Q112: Liability accounts increase with a debit and
Q113: Providing services to customers on account causes
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