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Stacos Bell, Inc.'s inventory activity in May was as follows: Inventory, May 1 20 units @ $12 each Purchase, May 7 10 units @ $15

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Stacos Bell, Inc.'s inventory activity in May was as follows: Inventory, May 1 20 units @ $12 each Purchase, May 7 10 units @ $15 each Sale, May 18 24 units @ $18 each Record the effect of the May 18 sale on account and cost of the sale on the accounting equation assuming average cost method is used. Be sure to answer each; if no effect, select "O No Effect". A. O No Effect B. 432 Sales, (318) Cost of Goods Sold C.432 Accounts Receivable, (288) Inventory D. Assets D.432 Accounts Receivable, (318) Inventory A Liabilities E. 432 Sales, (312) Cost of Goods Sold B. Shareholders' Equity F. 432 Accounts Receivable, (300) Inventory G.432 Sales, (300) Cost of Goods Sold H. 432 Accounts Receivable, (312) Inventory I. .432 Sales, (288) Cost of Goods Sold

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