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Content Area The following entry was journalized in the books of Brighty Company: Date Account Debit Credit Oct. 31 Accounts Receivable-Digitec 12,000 Sales 12,000 Invoice
Content Area The following entry was journalized in the books of Brighty Company: Date Account Debit Credit Oct. 31 Accounts Receivable-Digitec 12,000 Sales 12,000 Invoice No. 7112. What is the impact of this entry on the accounting equation? a. an increase in Assets and an increase in Liabilities b. a decrease in Assets and a decrease in Equity c. an increase in Assets and an increase in Stockholders' Equity d. a decrease in Assets and a decrease in Liabilities
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