Unger company uses the perpetual inventory method. unger, Ask an Expert

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Unger Company uses the perpetual inventory method. Unger sold goods that cost $3,500 for $7,200. If the sale was made to a customer on account, the sale will:

a) increase total assets by $7,200.

b) increase total liabilities by $3,500.

c) increase total assets by $3,700.

d) increase total liabilities by $7,200.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408290

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