On January 5, Evergreen Market sold merchandise for $800 cash that cost $500.

Evidently the transaction of January 5 caused a net [decrease / increase]
of $ in the assets of Evergreen Market from what they had been at the close of business on January 4.

Transcribed Image Text:

Assets Cash EVERGREEN MARKET Balance Sheet as of January A 5 Liabilities & Equity 45,800 $45,000 Note Payable $10,000 4,500 5,000 Berg, Capital 40,000 $50,000 Total $50,000 Inventory Total 50,300