How to record sale of merchandise on account, in the seller's records:

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Nov 5, 2007, 02:38 PM

St82thepnt

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Join Date: Nov 2007

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How to record sale of merchandise on account, in the seller's records:

Increase assets and increase expenses.
Increase assets and decrease liabilities.
Increase assets and increase paid-in capital.
Increase assets and decrease revenues.

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