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Indicate the effect each of the following transactions has on the accounting equation (i.e., assets, liabilities, and equity). Select your answer by clicking in the

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Indicate the effect each of the following transactions has on the accounting equation (i.e., assets, liabilities, and equity). Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. Received cash from a customer for services to be performed in the next month. [Choose ] Sold inventory to a customer for $35,000 cash. The inventory had a cost of $20,000 [Choose ] Collected cash from a customer in June for services that had been performed in March. Choose ]

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