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

Question

mihalych1998 [28]

3 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] · Answer 1 · 2021-11-29T05:15:23+03:00

astraxan [27]3 years ago

5 0

Answer:

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