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Which of the foliowing represenes the imeact of a faxable cash sale of $1.500 on the accounting ertuation if the sales tax rate is 6. An increase to cash for $1,590 an increase to sales tax nayable for $90, and an increase to sales revenue for $1,500. An increase to cash for $1,590, an increase to sales tax expense for $90, and an increase to sales revenue for $1,500. An increase to cash for $1,500, an increase to sales tax expense for $90 and an increase to sales revenue for $1,410. An increase to cash for $1,500, an increase to sales tax expense for $90, and an increase to sales revenue for $1,590. An increase to cash for $1,500, an increase to sales tax payable for $90, and an increase to sales revenue for $1,410. 2 points On fuly 15 , Nido Company issued 10.000 shares of $10 par value common stock (for cash) at a market price of $35 per share. Which of the following is true with respect to transaction? Nido will recognize a gain of $250,000. Nido's working capital will not be affected by this transaction. Nido's paid-in capital will increase by $100,000. Nido's common stock account will increase by $350,000. Nido's debt-to-equity ratio will decrease as a result of this transaction