Which of the following is one effect of a purchase of $600 of supplies on credit? Select one:
a. It would decrease cash assets by $600
b. It would decrease retained earnings $600
c. It would decrease liabilities by $600
d. It would increase liabilities by $600
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Home » Business » Which of the following is one effect of a purchase of $600 of supplies on credit? Select one: a. It would decrease cash assets by $600 b. It would decrease retained earnings $600 c. It would decrease liabilities by $600 d.