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Performing services on account will have the following effects on the components of the basic accounting equation O a increase assets and decrease owner's equity Ob increase assets and increase owner's equity O Cincrease assets and increase liabilities d increase liabilities and increase owner's equity
Performing services on account will have the following effects on the components of the basic accounting equation O a increase assets and decrease owner's equity Ob increase assets and increase owner's equity O Cincrease assets and increase liabilities d increase liabilities and increase owner's equity
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