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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)

a)Total Assets

b)Accounts Payable

c)Accounts Receivable

d)Retained Earnings

e)Cost of Goods Sold

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