The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both the amount and the sign. Use a negative sign when indicating an item in the expense column. If it is a transaction that affects both the income statement and balance sheet, you must indicate the effect on both.

Transaction: Lava Java sells $750 of coffee for cash. The inventory used in the coffee sales is valued at $300.

To have the answer graded correctly, enter the correct value preceded by a + or - sign (e.g. +350 or -650).For categories that are unaffected enter the value Zero

Cash Non-cash Assets Liabilities Contributed Capital Retained Earnings Revenue Expenses