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If a purchase of supplies for 1341 was mistakenly recorded

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Reference no: EM13576144

If a purchase of supplies for $1,341 was mistakenly recorded as a credit to Supplies, but the cash paid for the supplies was correctly recorded, what would be the effect on the accounting equation?

Assets would be , (less than or more than) liabilities plus stockholders' equity.

Reference no: EM13576144

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