[The following information applies to the questions displayed below.]
The following entry appears in Martin Supply's general journal on March 10,2018:
![[The following information applies to the questions displayed below.] The following entry appears in Martin Supply's general journal on March 10,2018: -This transaction involves: A) Martin's collection of $30,000 on an account receivable. B) Payment of $21,000 cash by Martin. C) A $21,000 overall increase in Martin's assets. D) Sale of equipment by Martin for $51,000.](https://d2lvgg3v3hfg70.cloudfront.net/TB1009/11eaae1a_a379_e993_b09f_09e537ddd21d_TB1009_00_TB1009_00.jpg)
-This transaction involves:
A) Martin's collection of $30,000 on an account receivable.
B) Payment of $21,000 cash by Martin.
C) A $21,000 overall increase in Martin's assets.
D) Sale of equipment by Martin for $51,000.
Correct Answer:
Verified
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