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Garden City Flower Shop sold $900 of flowers on account to Marriott Hotel, a customer, for display in their lobby. What is the impact on
Garden City Flower Shop sold $900 of flowers on account to Marriott Hotel, a customer, for display in their lobby.
What is the impact on the Balance Sheet based on this transaction?
No effect on Assets; Liabilities increase; Stockholder's Equity decreases Assets increase; No effect on Liabilities; Stockholder's Equity increases Assets increase; Liabilities increase; No effect on Stockholder's Equity Assets decrease; Liabilities decrease; No effect on Stockholder's Equity
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