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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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    https://brainmass.com/business/accounting/117430

    Solution Preview

    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 ...

    Solution Summary

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

    $2.19

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