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On October 1, Snyder Company made a $50,000 sale giving the customer terms of 3/10, n/30. The receivable was collected from the customer on October

On October 1, Snyder Company made a $50,000 sale giving the customer terms of 3/10, n/30. The receivable was collected from the customer on October 8. What effect will the collection of cash from the receivable have on the company's financial statements

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