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Which of the following situations would cause an increase in gross profit in September for GH Company? (Assume adjusting entries are done at the end
Which of the following situations would cause an increase in gross profit in September for GH Company? (Assume adjusting entries are done at the end of each month.) Check all that apply. In September, a customer bought a season ticket from GH Company for events GH Company will start running in two months from now. On September 1. GH Company lends $3,000 to another company with 3% interest: the principal and interest are paid at maturity in one year. In September, GH Company sells goods for $10,000 to a customer. However, the customer did not pay any cash today and plans to pay the cash next month. In September. GH Company collected cash from selling new shares of common stock. In September, GH Company sold a gift card for $700
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