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As a result of transaction #16: Assets increase by 11,200 OA. Liabilities increase by 11,200 B. Retained Earnings increase by 11,200 OC SHE decreases by

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As a result of transaction #16: Assets increase by 11,200 OA. Liabilities increase by 11,200 B. Retained Earnings increase by 11,200 OC SHE decreases by 11,200 OD. 2,600 Inventory 16 15-Feb Salaries and Wage expense Cash 17 17-Feb Accounts Payable 11,200 11,200 40 ann

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