it: 1:00:00 Time Left:0:41:45 Mohammad Fawaz Iqbal: Attempt 1 Which accounts are affected, and in which direction, by the following business transaction? For this question, ignore inventory and cost of goods sold. Sale to a customer on credit, $4,500. 1) Sales revenue increases 2) Cash decreases 4: 3) Sales revenue decreases (4) Accounts receivable increases ge 5: 5) Accounts payable decreases age 6: 6) Accounts payable increases 6 ( 7) Accounts receivable decreases (8) Cash increases 309084805_129....jpg 315096565_554....jpg 314351323_803....jpgQuestion 15 (1 point) In the following situation, who owns the inventory while it is in transit? You sell inventory with shipping terms FOB destination. Inventory cost $2,670. 1) both the seller and the buyer 2) the buyer ( 3) neither the seller nor the buyer O 4) the seller Page 15 of 22 Previous Page Next Page Submit Quiz 9 of 22 questions saved