Question
The following entry appears in Martin Supply's general journal on March 10, 2018: Accounts Receivable30,000Cash21,000Equipment51,000 This transaction involves: Select one: a. Martin's collection of $30,000
The following entry appears in Martin Supply's general journal on March 10, 2018:
Accounts Receivable30,000Cash21,000Equipment51,000
This transaction involves:
Select one:
a. Martin's collection of $30,000 on an account receivable.
b. Payment of $21,000 cash by Martin.
c. A $21,000 overall increase in Martin's assets.
d. Sale of equipment by Martin for $51,000.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
