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On April 1,Snell Company made a $50,000 sale giving the customer terms of 3/10/n30.The receivable was collected from the customer on April 8.Considering the collection

On April 1,Snell Company made a $50,000 sale giving the customer terms of 3/10/n30.The receivable was collected from the customer on April 8.Considering the collection of cash from the receivable, what effect will the transaction have on the company's statements?

Assets Liab. Equity Rev. Exp. Net Inc. Cash flow %3D

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