1. Business
  2. Accounting
  3. question 3 record the transaction below shareholders equity the following...

Question: question 3 record the transaction below shareholders equity the following...

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QUESTION 3 Record the transaction below Shareholders Equity The following events took pla place in Assets Liabilities the first month of business Paid cash for inventory TO RECEIVE CREDIT FOR THE QUESTION, AN ANSWER MUST BE SELECTED FOR EACH EVEN IF THERE IS NO EFFECT. IF THERE IS NO Common Stock Retained Earnings EFFECT, SELECT O NO EFFECT. -Assets (3,200) Cash; (3,200) Cost of Goods Sold B. (3,200) Inventory Expense C. 0 No Effect - Liabilities $ Common Stock (3,200) Cost of Goods Sold E (3,200) nventory r. 3,200 Inventory; (3,200) Caslh Retained Earnings (3,200) Cash

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