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Orlando Company paid $620 cash to purchase raw materials. How would this transaction affect Orlando's financial statements? Assets Liab. Equity Rev. Exp. LNet Inc. Cash

Orlando Company paid $620 cash to purchase raw materials. How would this transaction affect Orlando's financial statements?

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Assets Liab. Equity Rev. Exp. LNet Inc. Cash Raw Matls Inv. o 620 T (620) E NA T+T NA NA NA E NA T O (620) NA (620) NA NA NA NA O (620) NA NA (620) LNA 620 (620) O (620) 620 ET NA NA NA -I NA NA

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