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A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the following items

A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the following items would be increased by this inventory purchase transaction? (check all that apply)

Retained Earnings

Accounts Receivable

Cost of Goods Sold

Accounts Payable

Total Assets

A company collected $100,000 cash from a customer who both received and was billed for the goods last quarter.

Which of the following items would be increased by this cash collection transaction? (check all that apply)

Current Assets

Accounts Receivable

Cash from Operations

Revenue

Cash

A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter.

Which of the following items would be increased by this cash collection transaction? (check all that apply)

Cash

Total Stockholders

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