QUESTION
tableAssetsLiabilities,Shareholders' EquityCommon Stock,Retained Earnings$$$$
On February Wursthaus, Inc., sold sausages @ $ each on account. The sausages cost $ each. Show the effect of both the sale and the cost of the sale on the accounting equation below:
IF THERE IS NO EFFECT, SELECT NO EFFECT."
A No Effect
Assets
Liabilities
B Accounts Receivable; Inventory
C Cash; Inventory
Shareholders' Equity
D Sales; Cost of Goods Sold
E Accounts Receivable; Sales
F Sales; Cost of Goods Sold
G Inventory; Cost of Goods Sold
H Accounts Receivable; Inventory
