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A business received $800 from a customer on account. The effect of the transaction on the accounting equation was to: increase one asset, decrease another asset decrease an asset, decrease a liability increase an asset, increase owners equity * increase an asset, increase a liability .

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A business received $800 from a customer on account. The effect of the transaction on the accounting equation was to: increase one asset, decrease another asset decrease an asset, decrease a liability increase an asset, increase owners equity * increase an asset, increase a liability

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  • 1. A business received $800 from a customer on account. The effect of the transaction on the accounting equation was to: increase one asset, decrease another asset decrease an asset, decrease a liability increase an asset, increase owners equity * increase an asset, increase a liability