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Charlie Inc. made the following transactions in August: Sold $300 of inventory for $300 cash. Incurred $300 of depreciation expense. Bought $150 of supplies on
| Charlie Inc. made the following transactions in August: | ||||
| Sold $300 of inventory for $300 cash. | ||||
| Incurred $300 of depreciation expense. | ||||
| Bought $150 of supplies on account. | ||||
| Collected $350 of accounts receivable. | ||||
| Paid $400 of accounts payable. | ||||
| Sold $150 of inventory for $250 on account. | ||||
| How much did cash increase (decrease) in July? | ||||
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Risk Based Auditing
Authors: Phil Griffiths
1st Edition
0566086522, 9780566086526
