Question: 1 5 Multiple Choice 6 points The Phoenix Suns sold 3 0 season basketball tickets at $ 4 , 1 0 0 each for the

15
Multiple Choice
6 points
The Phoenix Suns sold 30 season basketball tickets at $4,100 each for the upcoming season. How does this transaction affect the accounting equation?
Increase Stockholders' Equity $123,000; Increase Liabilities $123,000
Increase Stockholders' Equity $123,000; Decrease Liabilities $123,000
Increase Assets $123,000; Increase Liabilities $123,000
Increase Assets $4,100; Increase Stockholders' Equity $4,100
1 5 Multiple Choice 6 points The Phoenix Suns

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