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Washburn Motors signs a contract to sell a $100,000 luxury sedan to be delivered next month, and receives a $20,000 cash down payment from the buyer. How will the transaction most likely affect Washburn assets and liabilities?
. @& j; k: N1 n" s5 f" X" p1 ] Assets Liabilities
9 z) A. b0 i) V1 T1 C' vA. Unchanged Unchanged 3 N7 h/ K# {+ u/ n' T5 P
B. Increase Increase
1 z& l" s: _- zC. Increase Unchanged % r0 C1 o& {" X$ L5 z$ ^/ W& c
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