c. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250. Reflect negative numbers with a minus sign Financial Statement Effects Balance Sheet Assets Accounts Receivable jows No Effect Stockholders' Equity Income Statement (e-) Record transactions from the seller's perspective. Keep in mind that ten entnes are required for each transaction: (1) for the sele and the payment method and (2) for the mat of the and they m credit card transactions are carded as cash sales Check My Work Imece Check My Wores remaining All worked See and Est Sant Ag Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250. Reflect negative numbers with a minus sign Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity Statement of Cash Flows Accounts Payable Income Statement Inventory No Effect Check My W [a-c) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and the payment hot and (2) for the sost of the much and the i credit cant transactions are recorded as cash sales Check My Work 3 more Check My Work uses remaining All work saved Saw and Ext c. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250. Reflect negative numbers with a minus sign Financial Statement Effects Feedback Balance Sheet Assets Liabilities Stockholders' Equity Statement of Cash Flows Accounts Payable Accounts Receivable No Effect Statement Check My Wo (a-c) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and the payment method and (2) for the of the the credit card transactions are recorded as cash sales. Check My Work more Check My Work uses remaining All work saved Sive spEEst c. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250. Reflect negative numbers with a minus sign Financial Statement Effects Balance Sheet Assets Liabilities +Stockholders' Equity Statement of Cash Flows Income StaCapital Stock Retained Earnings No Effect Feedback Check My W (e-c) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and the payment method and (2) for the conto credit card transactions are recorded as cash sales Check My Work 3 more Check My Work uses remaining e. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250 Reflect negative numbers with a minus sig Financial Statement Effects Financing Investing Operating Balance Sheet Assets Liabilities Stockholders' Equity Statement of Cash Flows Income Statement Che No effecti (-) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction (1) for these and the pan (2) for the m credit card transactions are recorded as cash sales. 3/7 items Check My Work 3 more Check My Work uses remaining c. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250. Reflect negative numbers with a minus sign Financial Statement Effects Balance Sheet Assets Liabilities +Stockholders' Equity Statement of Cash Flows Income Statement Cost of goods sold Gross profit Feedback T Check My Work Sales No effect (a-c) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and the payment method and (2) for the cut credit card transactions are recorded as cash sales. e. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $202,250. Reflect negative numbers with a minas sig Financial Statement Effects Balance Sheet Assets Liabilities Stockholders Equity Statement of Cash Flows Income Statement Cost of goods sold Gross prof Sales Feedback (e-c) Record transactions from the seller's perspective. Keep in mind that two ent credit card transactions are recorded as cash sales Check My Work 3 more Check My Work uses remaining ach transaction: (1) for the sale and the payment method and for the cod of them W who used MasterCard and VISA, $404,500. The cist of the merchandise sold was $202,350 Raffect negative numbers with a minig Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity Statement of Cash Flows Income Statement Cost of goods sold Cross pront Check My W (e-c) Record transactions from the seller's perspective. Keep in mind that two end credit card transactions are recorded as cash sales ach transaction: (1) or the sale and the sement matt (2) the No effect Check My Work 3 more Check My Work uses remaining All work saved