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Exeter Company sold merchandise for $ 1 0 , 0 0 0 cash. The merchandise had cost the company $ 4 , 5 0 0
Exeter Company sold merchandise for $ cash. The merchandise had cost the company $ What is the effect of the sale on the balance sheet?
Multiple Choice
Cash increases by $
Inventory decreases by $
Retained earnings Increases by $
All of these answer choices are correct.
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