Business, 19.09.2019 05:00 sofyan00404

Knomark, inc. sold $500 of shoe polish to a customer on account on january 1. on january 11 knomark collected the cash from that customer. what is the impact on knomark's accounting equation from the collection of cash? a. no net effect to the accounting equation. b. decrease assets and increase liabilities. c. increase assets and increase liabilities. d. decrease assets and decrease liabilities.

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Knomark, inc. sold $500 of shoe polish to a customer on account on january 1. on january 11 knomark...

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