Druganaut Company buys a $21,000 van on credit. The transaction will affect the a. income statement only.

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Druganaut Company buys a $21,000 van on credit. The transaction will affect the

a. income statement only.

b. balance sheet only.

c. income statement and retained earnings statement only.

d. income statement, retained earnings statement, and balance sheet.

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Related Book For  book-img-for-question

Loose Leaf For Financial Accounting For Managers

ISBN: 978-1264503988

1st Edition

Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland

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