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Consider the following journal entry: Which of the following balance sheet and income statement accounts would not be affected? Current Assets Total Assets Current Liabilities
Consider the following journal entry: Which of the following balance sheet and income statement accounts would not be affected? Current Assets Total Assets Current Liabilities Net Income Question 3 (1 point) A retailer pays $500 in cash for inventory and sells half of the inventory to customers for $500. The remainder of the inventory is still in the company's warehouse at the end of the year. What net income should the retailer report? Enter a profit as a positive number and a loss as a negative number
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