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XYZ Company recorded journal entries for cash sales of $110,000, the $64,000 decrease in accounts receivable for cash collection, and the purchase of equipment cash

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XYZ Company recorded journal entries for cash sales of $110,000, the $64,000 decrease in accounts receivable for cash collection, and the purchase of equipment cash for $42,000. What net effect do these entries have on assets ? Select one: a. Increase of $110,000 b. increase of $152,000. c. increase of $88,000. d. Decrease of $46,000

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