On April 1,Snell Company made a $50,000 sale giving the customer terms of 3/10/n30.The receivable was collected from the customer on April 8.Considering the collection of cash from the receivable, what effect will the transaction have on the company's statements?

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Assets Liab. Equity Rev. Exp. Net Inc. Cash flow %3D Assets Liab. Equity Rev. Exp. Net Inc. Cash flow %3D

Answer rating: 100% (QA)

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