Business, 29.10.2019 04:31 amber665

Clayton company purchased a new coffee maker in the amount of $3,500. clayton paid $1,000 down and will pay the remainder in 60 days. what effect does this transaction have on the accounting equation?
a.$3,500 net increase in assets and $2,500 increase in liabilities
b.$2,500 net increase in assets and $2,500 increase in liabilities
c.$3,500 net increase in assets and $3,500 increase in liabilities
d.$1,000 net decrease in assets and $1,000 decrease in liabilities

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Clayton company purchased a new coffee maker in the amount of $3,500. clayton paid $1,000 down and w...

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