Able Corp made the following transactions in June Bought $800 of inventory on account Sold $200 of inventory for $300 cash Sold $150 of inventory for $350 on account Collected $500 of accounts receivable How much did accounts receivable increase (decrease) How much did inventory increase (decrease) in March

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Able Corp made the following transactions in June: Bought $800 of inventory on account. Sold $200 of inventory for $300 cash. Sold $150 of inventory

Able Corp made the following transactions in June:
	Bought $800 of inventory on account.
	Sold $200 of inventory for $300 cash.
	Sold $150 of inventory for $350 on account.
	Collected $500 of accounts receivable.

How much did accounts receivable increase (decrease)?

How much did inventory increase (decrease) in March?

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