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  3. during the first quarter of the current year, the

During the first quarter of the current year, the company sold 4,000 batteries on credit...

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Accounting

During the first quarter of the current year, the company sold 4,000 batteries on credit for $150 each plus state sales tax of 6%. When the company records this transaction, what is the impact on the accounting equation? a. Assets decrease and liabilities increase. b. Assets, liabilities, and stockholders' equity will all increase. c. Both assets and liabilities decrease. d. Assets increase and stockholders' equity decreases

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