Cash 50 130 15 Question 1 of 3: What will happen to this Balance Sheet...
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Cash 50 130 15 Question 1 of 3: What will happen to this Balance Sheet when a company purchases inventory for 50 with cash? You have 2 attempts. Assets Liabilities The inventory balance will increase to 65 Current assets: Non-current liabilities: Bank loan and the common shares will increase to 295 Inventory Non-current assets: Shareholders' equity The inventory balance will increase to 65 Plant and equipment Common shares and the total assets will increase to 375 Retained earnings Revenues The inventory balance will increase to 65 Cost of sales and the current liabilities will increase to 50 Expenses Total liabilities and The inventory balance will increase to 65 Total assets 325 shareholders' equity 325 and the cash balance will reduce to 80 180 245 120 (75) (15) 30 CHECK
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