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A company sold merchandise costing $400 for a selling price of $850 on account. Which of the following is true? Accounts receivable will increase by

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A company sold merchandise costing $400 for a selling price of $850 on account. Which of the following is true? Accounts receivable will increase by $850 Inventory will decrease by $850 COGS will increase by $850 COGS will decrease by $400 Sales revenue will increase by $400

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