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Star Company recognizes sales revenue from selling inventory for $2.000 cash. Note that Star is only recording the sales revenue part of the transaction and

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Star Company recognizes sales revenue from selling inventory for $2.000 cash. Note that Star is only recording the sales revenue part of the transaction and not the cost of goods sold. Star uses the perpetual inventory system. Which of the following answers reflects the effect of the sales revenue on the financial statements? Balance Sheet Income Statement Liabilities + = Expense n/a Assets A. 2,800 B. (2,000) C. 2,000 D. (2,000) Stockholders Equity 2,000 (2,000) n/a (2,000) Revenue 2,000 2,000 2,000 n/a Net Income 2,000 2,000 2,000 (2,000) + Statement of Cash Flows 2,000 OA n/a 2,000 OA (2,000) OA 2,000 n/a n/a 2,000 Multiple Choice Option A O Option B O Optionc O Option D

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