Please answer 1,2 and 3

Which of the following transactions would not affect owners' equity? A) Recording cost of goods sold B) Recording a cash sale C) Recording a sale on account Recording rent expense 2) Mathew Berry decides to start his own business. He plans to invest $50,000 in cash in the company. As an accountant, you would tell Mr. Berry to A) debit Retained Earnings and credit Cash for $50,000. B) debit Cash and credit Retained Earnings for $50,000. C) debit Paid-in Capital and credit Retained Earnings for $50,000. D) debit Paid-in Capital and debit Retained Earnings for $50,000. E) debit Cash and credit Paid-in Capital for $50,000. 3) The entry to record the cost of merchandise inventory sold involves a A) debit to Merchandise Inventory and a credit to Sales Revenue. B) debit to Cost of Goods Sold and a credit to Merchandise Inventory. C) debit to Merchandise Inventory and a credit to Cost of Goods Sold. D) debit to Cost of Goods Sold and a credit to Sales Revenue. E) debit to Merchandise Inventory and a credit to Accounts Receivable