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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

User Phonixor
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Answer:

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

User Markko Paas
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