If a company uses $1410 of its cash to purchase supplies, the effect on the accounting equation would be:
A. One asset increases $1410 and another asset decreases $1410, causing no effect.
B. Assets decrease $1410 and equity increases $1410.
C. Assets decrease $1410 and equity decreases $1410.
D. Assets increase $1410 and liabilities decrease $1410.
E. Assets increase $1410 and liabilities increase $1410.
Answer: A
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