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St82thepnt
Nov 5, 2007, 03:38 PM
Increase assets and increase expenses.
Increase assets and decrease liabilities.
Increase assets and increase paid-in capital.
Increase assets and decrease revenues.

dkw54
May 10, 2009, 12:24 PM
Increase assets and decrease liabilities

morgaine300
May 10, 2009, 11:44 PM
Please see the guidelines for posting homework problems:
Ask Me Help Desk - Announcements in Forum : Homework Help (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

And dkw54, if you insist upon doing people's work for them, at least get it right. Your answer doesn't even make any sense and can't even happen.

mellaaaa
Jul 9, 2010, 11:28 PM
Increase assets and increase expenses.

mellaaaa
Jul 9, 2010, 11:29 PM
Increase assets and increase paid-in capital

mellaaaa
Jul 9, 2010, 11:31 PM
Tell me the righ answer

pready
Jul 10, 2010, 11:01 AM
When a seller sells merchandise there are two journal entries;

1) Debit Cash or Accounts Receivable and Credit Sales

2) Debit Cost of Goods Sold and Credit Inventory.

Now you know what journal entries are made you will be able to figure out the correct answer to your question.