2. Russ bought his wife a diamond earring for $1,200. He uses his Visa Card, but he hasn't yet received the bill. How does this transaction affect Russ's personal balance sheet? A. The earrings should be shown on the balance sheet as an asset. B. The $1,200 bill outstanding is listed as a current liability on the balance sheet. C. The earring should be listed at fair market value, which is probably less than the price paid due to the E. None of the above n n n n n nnnnnnnn n n n n n n n n