Assets	Liabilities	Shareholders' Equity
		Common Stock	Retained Earnings
$______	$______	$______	$______

Show the effect of the transaction: Cap & Trade, Inc., purchased 500 baseball caps @ $6 each. IF THERE IS NO EFFECT, SELECT "0 NO EFFECT."

-	Assets
-	Liabilities
-	Retained Earnings

A.	(3,000) Cost of Goods Sold
B.	0 No effect
C.	(3,000) Cash
D.	(3,000) Cash; 3,000 Inventory
E.	(3,000) Inventory
F.	3,000 Inventory