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On June 5. Marshall Company sold merchandise for $1.800 cash that cost $1.200. What effect would this transaction have on the accounting equation? Assume Marshall uses a perpetual inventory system Cash would increase $1.800, inventory would decrease $1.200, and retained carmines would increase $600 Cash and retained earnings would increase 5600 Inventory and retained carries would decrease $1.200. Cash and retained camins would increase $1,800 On June 10, Lawson Company sold merchandise on account for $1.000, credit terms 2/10, 1/30, that cost $650. The company uses the net method to record sales. What effect would this transaction have on the accounting equation? Assume Lawson uses a perpetual inventory system. Total asets and stockholders' eculty would increase $350. Fotolawets and stockholders equity would increase $150 Total assets and stockholders' equity would increase $980 Total ansets and stockholders' equity would increase $1,000