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Dominik [7]
2 years ago
10

Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11 Pumpkin collected the cash from that cus

tomer. What is the impact on Pumpkin's accounting equation from the collection of cash?
A) No net effect to the accounting equation.
B) Decrease assets and increase liabilities.
C) Increase assets and increase liabilities.
D) Decrease assets and decrease liabilities.
Business
1 answer:
Dennis_Churaev [7]2 years ago
6 0
A no net effect to the accounting equation
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