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On June 1, 2021. MchonisIn received payment for 100 pounds of inventory that is to be delvered on October 1, 2021. To record this actity

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On June 1, 2021. MchonisIn received payment for 100 pounds of inventory that is to be delvered on October 1, 2021. To record this actity on June 1, Mcinis debited cash and credited sales revenue Indicate how this transaction would effect each of the following using the following coding O-Overstated; U Understated: NE - No Effect Equity Assets NE Liabilities o NE Net Income U U NE NE NE NE O ollo O NE None of these answers are correct

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