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On March 1, Supplement Superstore sold $30,000 in products to a customer on account. Then, on March 12, Supplement Superstore collected the cash on that
On March 1, Supplement Superstore sold $30,000 in products to a customer on account. Then, on March 12, Supplement Superstore collected the cash on that account. What is the impact on Supplement Superstore's accounting equation from the collection of cash on March 12? Assets increase and liabilities decrease. O No net effect to the accounting equation. Assets decrease and liabilities decrease. Assets increase and stockholders' equity increases
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