Uses the perpetual inventory method

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Reference no: EM13866575

Unger Company uses the perpetual inventory method. Unger sold goods that cost $3,500 for $7,200. If the sale was made to a customer on account, the sale will:

1) increase total assets by $3,700.

2) increase total liabilities by $7,200.

3) increase total liabilities by $3,500.

4) increase total assets by $7,200.

Reference no: EM13866575

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