15 Feb Dridge Company sold inventory for cash. The selling price was more than the original cost of the inventory. What is the effect of this transaction on the accounting equation? Cash
Dridge Company sold inventory for cash. The selling price was more than the original cost of the inventory.
What is the effect of this transaction on the accounting equation?
Cash UP, Inventory DOWN, Retained Earnings UP
Cash UP, Inventory DOWN, Retained Earnings DOWN
Cash UP, Inventory UP, Retained Earnings UP
Cash UP, Inventory UP, Retained Earnings DOWN
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