Lamar Corporation sold products to customers on June 30, 2016 for a total price of $15,000....
Lamar Corporation sold products to customers on June 30, 2016 for a total price of $15,000. The terms of the sale are that payment is due in 30 days. The cost of the products was $9,000. The most likely net change in Lamar's total assets on June 30, 2016 related to this transaction is:
Homework Answers
THE NET CHANGE IN ASSET AS AT JUNE 30, 2016 WILL BE $6000 BECAUSE IT'S ACCOUNT RECEIVABLES WILL BE INCREASE BY $15000 AND IT SUPPLIES WILL BE DECRESE BY $9000 .THEREFORE THE NET EFFECT WILL BE $6000.
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Lamar Corporation sold products to customers on June 30, 2016
for a total price of $15,000....
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