Retained earnings-accounts payable-cost of goods sold

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A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the following items would be increased by this inventory purchase transaction? (check all that apply) 1)Accounts Receivable 2)Retained Earnings 3)Accounts Payable 4)Cost of Goods Sold 5)Total Assets

Reference no: EM131072433

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