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14. On June 1st, Snell Company made a $100,000 sale giving the customer terms of 3/10, n/30. The receivable was collected from the customer on
14. On June 1st, Snell Company made a $100,000 sale giving the customer terms of 3/10, n/30. The receivable was collected from the customer on June 5th. How does the collection of cash from the customer affect the company's financial statements? O AL Assets = Liab. + Stk. Equity Rev. Exp. - Net Inc. Stmt of Cash Flows D. 97,000 - NA -97,000 97,000|-| NA - 97,00097, OA Assets = Liab. + Stk. Equity Rev. 1- Exp. = Net Inc. Stmt of Cash Flows C. (3,000) - NA (3.000) NA 3,000 3,000) 97,000 OA Assets Stk. Liah. R . - Exp. Net Ine. Equity Stmt of Cash Flows (3,000) - NA (3,000)|(3,000) - NA - (3,000) 97,000 OA D. Assets -Liab. Stk. Net Equity Rev. Exp. - Stmt of Cash Flows Inc. A. (3,000) - NA - (3,000)|(3000)- NA - (3,000) NA
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