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All else being equal, indicate how net sales revenue and net income are affected with an increase in each of the accounts in the chart

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All else being equal, indicate how net sales revenue and net income are affected with an increase in each of the accounts in the chart below. The choices are increases, Decreases, and Not Change. All else being equal, an increase in the causes Net Sales Revenue to: causes Net Income to: a. Sales revenue account balance Oincrease Oincrease Odecrease decrease Onot change Onot change b. Sales discounts account balance Oincrease Oincrease Odecrease Odecrease Onot change Onot change c. Bad debts expense account balance Oincrease Odecrease Onot change d. Cost of goods sold account balance Oincrease Odecrease Onot change Oincrease Odecrease Onot change Oincrease Odecrease Onot change

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