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A company delivered $10,000 of goods to a customer that agreed to pay cash within 30 days. The goods had cost $8,000 to manufacture. Which of the following items would be increased by this sales transaction?A) Total Assets.B) Accounts Receivable.C) Total Liabilities.D) Inventory.E) Revenue.

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Answer:

A) Total Assets

B) Accounts Receivable

E) Revenue.

Explanation:

Accounts Receivable are being increased because the customer took the goods on credit and agreed to pay in 30 days.

Accounts Receivable is an asset so the total asset will increase. Even though inventory decreases, the amount that the good was sold for exceeds inventory cost so the net benefit will increase assets.

Revenue is earned when a good is sold. $10,000 worth of goods were sold so that would be $10,000 in  revenue.

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