Question
please i need help with accounting class, can you help me to solve this assignment Sales-Related Transactions, Including the Use of Credit Cards Illustrate the
please i need help with accounting class, can you help me to solve this assignment
Sales-Related Transactions, Including the Use of Credit Cards Illustrate the effects on the accounts and financial statements of recording the following transactions. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. a. Sold merchandise for cash, $62,500. The cost of the goods sold was $28,125. Statement of Cash Flows Cash Statement of Cash Flows Assets Inventory Balance Sheet Liabilities Accounts Payable b. Sold rnerchandise on account, $40,300. The cost of the goods sold was $20,150. Statement of Cash Flows Assets Balance Sheet Liabilities Income Stockholders' Equity Statement Capital Stock Income Statement Income Stockholders' Equity Statement Income Statement
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