Accounting · Accounting Equation
Which of the following business transactions would decrease total assets but leave the owner's equity unchanged?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Issue of new shares for cash
- 2Payment to a supplier for a previous credit purchase✓
- 3Collection of accounts receivable
- 4Purchase of equipment on credit
Correct answer
Payment to a supplier for a previous credit purchase
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