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Washburn Motors signs a contract to sell a $100,000 luxury sedan to be delivered next month, and receives a $20,000 cash down payment from the buyer. How will the transaction most likely affect Washburn assets and liabilities? % f( q c0 \- u7 L# f; d
Assets Liabilities
$ b! l0 t0 ?; o p; `5 H2 o5 [; ?! sA. Unchanged Unchanged ( M3 F- p) c+ x: m0 V
B. Increase Increase 4 m/ p& S) w2 i3 u% \: _
C. Increase Unchanged
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