Juggernaut Company buys a $29,000 van on credit. The transaction will affect the Select one: O a. balance sheet only. b. income statement only. c. income statement and owner's equity statement only. O d. income statement, owner's equity statement, and balance sheet Two categories of expenses for merchandising companies are Select one: 0 0 a. sales and cost of goods sold. b. cost of goods sold and operating expenses c. cost of goods sold and financing expenses. d. operating expenses and financing expenses