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blem # 2 of 1 4 Cool Taste Company recorded $ 8 , 2 0 0 in sales on account for the week. What effect

blem #2 of 14
Cool Taste Company recorded $8,200 in sales on account for the week. What effect does this transaction have on the accounting equation?
a. $8,200 increase in assets and $8,200 decrease in owner's equity
b. $8,200 increase in assets and $8,200 increase in liabilities
c. $8,200 increase in assets and $8,200 increase in owner's equity
d. No effect on the accounting equation
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