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BQ Ltd. sells merchandise to a customer for $10,000, accepting $2.000 cash and an 5000, 60-day not receivable B of sales. Which of the following

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BQ Ltd. sells merchandise to a customer for $10,000, accepting $2.000 cash and an 5000, 60-day not receivable B of sales. Which of the following correctly describes the effect of this sale on the accounting equation? Assume that itd. sets selling prices so that the cost of goods sold is always equal to 30% uses a perpetual system Select one: a. Increase assets $5.000, decrease liabilities $2.000: increase equity $7,000 b. Increase assets 58.000, increase liabilities $2.000, increase equity 510.000 c. Increase assets 510.000; no effect on liabilities increase equity $10.000 dIncrease assets $7,000no effect on liabilities increase equity 57.000

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