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please do the following, A. B. C. thank you Tlustrate the effects on the accounts and financial statements of recording the following transactions. Il no

please do the following,
A.
B.
C.
thank you
image text in transcribed
image text in transcribed
Tlustrate the effects on the accounts and financial statements of recording the following transactions. Il no account or activity is a lected, selecto electrom the number entry box blank. a. Sold merchandise for cash, $102,500. The cost of the goods sold was $71,750 Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Cash Statement + Inventory No Effect Retained Earnings Statement of Cash Flows Income Statement Operating Sales Cost of goods sold Net income b. Sold merchandise on account, $85,300. The cost of the goods sold was $55,445. Statement Balance Sheet Assets of Cash Flows Llabilities + Stockholders' Equity Income Statement Accounts Receivable Inventory = No Effect Retained Earnings Income Statement Sales Cost of goods sold Net income c. Sold merchandise to customers who used MasterCard and VISA, $404,500. The cost of the merchandise sold was $182,025. Balance Sheet Statement of Assets Income Cash Flows Liabilities + Stockholders' Equity Statement Cash + Inventory No Effect + Retained Earnings Statement of Cash Flows Income Statement Operating Sales Cost of goods sold Net income

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