Lab 2 fall 2020 Saved ut References Mailings Review View Table Design Layout Tell me AO E 15 Anib ea AHMC D4B AaBb AaBbCcDdE AaBb A-DA- No Spacing Heading Heading 2 On September 1, Marina, Inc. purchased $500,000 worth of merchandise inventory on credit. On September 14, Marina paid $500,000 cash related to this purchase. 4. The journal entry to record the September 1 transaction will have the following effect on Marina's financial statements: Total Expenses will increase by S500,000 b. Total Liabilities will increase by $500,000. c. Total Assets will decrease by $500,000. d. Total Stockholders' Equity will decrease by $500,000. e. None of the above. a statements: 5. The journal entry to record the September 14 transaction will have the following effect on Marina's financial a. Total Expenses will increase by $500,000 b. Total Liabilities will increase by $500,000. c. Total Assets will decrease by $500,000. d. Total Stockholders' Equity will decrease by $500,000. e. None of the above. 1