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jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction by completing the following sentence. jackson would decrease (expenses/cash/revenues) and increase (expenses/equity/revenues) in the accounting equation.

Sagot :

Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.

Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.

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