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During the month of March, Wang Company purchased merchandise inventory for cash in the amount...

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Question

Accounting

During the month of March, Wang Company purchased merchandise inventory for cash in the amount of $6,200. Which of the following represents the effects of this transaction on Wang's financial statements?

image

Choice B

Choice A

Choice C

Choice D

Assets Liab |+ Stockholders' | Rev Exp -| Net Inc | Cash Flow Equity Cash Accts InvenAcctsCom+Ret. Earn Rec | NA Stk | + | 6.200 | =| 6.200 | +| NA Pay | + | NA | NA NA OA OA NA NA A NA B (6,200 NA 6,200NA NA NA NANANA C | (6.200) | + | NA | + | 6,200 | =| NA | +| NA | +| NA | NA | - | 6.2001 = | (6,200) | (6,200) D | (6.200) | + | NA | + | 6.200 | = | NA | +| NA | .+ | NA | NA NANA NA

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