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Effects of a Record of Sale for Cash

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Which accounts are affected when a company records a sale for cash?
How is the balance sheet affected when a company records a sale for cash?
How is the income statement affected when a company records a sale for cash?
How is the statement of cash flows using the direct method affected when a company records a sale for cash?

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Solution Summary

The solution discusses the effects of a sale recorded as cash.

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I'm going to answer the last 3 questions since those would answer #1 as well.

(2) How is the balance sheet affected when a company ...

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