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?

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? Assets | = | Lab |+ | Equity | Rev NA | Net Inc | Cash flow NA A) B) C) NA | | NA | | NA NANA 48,500 OA NA- (1,500) | = | NA | + | (1,500 ) | (1,500 )- NA NA NA | | (1,500)| 48,500 OA NA NA NA 48,500 OA 48,500 |=| NA | | NA Choice A O Choice B Choice O Choice D