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mihalych1998 [28]
4 years ago
8

For each of the following transactions for , state whether the total effect of the transaction results in an increase, decrease,

or has no effect on assets, liabilities, equity, and net income. collected cash from a credit sale 20 days after the sale. The terms of the sale were 2/15, n/25
Business
1 answer:
astraxan [27]4 years ago
5 0

Answer:

It will increase the assets,equity and net income but decrease the liabilities

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Correct question read;

"This statement takes __________and subtracts_________ to determine an individual's or a family's cash surplus or deficit situation.

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