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Cap & Trade, Inc., purchased 5 0 0 baseball caps at $ 6 each. Show the effect of this transaction on total Assets, Liabilities, Stock
Cap & Trade, Inc., purchased baseball caps at $ each. Show the effect of this transaction on total Assets, Liabilities, Stock andor Retained Earnings and the account titles. If no effect, select $ No Effect".
ABCDEF
Assets
ABCDEF
Liabilities
ABCDEF
Retained Earnings
A
$ Cost of Goods Sold
B
$ No Effect
C
$ Cash
D
$ Cash; $ Inventory
E
$ Inventory
F
$ Inventory
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