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Question 20 Mod 12.5e: In February 20X8, Company Z sold $100 of inventory to a customer for $200 in cash and the remaining $800 on
Question 20 Mod 12.5e: In February 20X8, Company Z sold $100 of inventory to a customer for $200 in cash and the remaining $800 on account. Then in March 20X8. Company Z received the $800 payment from the customer as promised. What is the NET effect on the balance sheet equation below of the March 20X8 transaction? Assets: INCREASE $1,000. Liabilities: INCREASE $200, Equity: INCREASE $800 Assets: INCREASE $800. Liabilities: No NET effect, Equity: INCREASE $800 Assets: No NET effect. Liabilities: No NET effect. Equity: No NET effect O Assets: INCREASE $900. Liabilities: No NET effect. Equity: INCREASE $900 Question 21 4 pts
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