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On April 1, Galbraith Industries provided services of $8,000 to Walter & Associates on account on the terms 2/10, n/30. On April 15, Walter &

On April 1, Galbraith Industries provided services of $8,000 to Walter & Associates on account on the terms 2/10, n/30. On April 15, Walter & Associates pays the balance due. When Galbraith Industries records the transaction on April 15, it will:

a. increase Sales Revenue $7,840

b. increase Cash $8,000

c. increase Cash $7,840

d. increase Accounts Receivable $8,000

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