QUESTION 2 Cap & Trade, Inc., sold 300 baseball caps that cost $6 each to customers for $3,000 cash. Show the effect of this transaction on total Assets, Liabilities, Stock and/or Retained Earnings...

what goes where? QUESTION 2<br>Cap & Trade, Inc., sold 300 baseball caps that cost $6 each to customers for $3,000 cash. Show the effect of<br>this transaction on total Assets, Liabilities, Stock and/or Retained Earnings and the account titles. If no effect,<br>select

QUESTION 2<br>Cap & Trade, Inc., sold 300 baseball caps that cost $6 each to customers for $3,000 cash. Show the effect of<br>this transaction on total Assets, Liabilities, Stock and/or Retained Earnings and the account titles. If no effect,<br>select

Extracted text: QUESTION 2 Cap & Trade, Inc., sold 300 baseball caps that cost $6 each to customers for $3,000 cash. Show the effect of this transaction on total Assets, Liabilities, Stock and/or Retained Earnings and the account titles. If no effect, select "$0 No Effect". Assets A. $0 No Effect Liabilities B. $(1,800) Cost of Goods Sold v Stock C. $(1,800) Inventory D. $3,000 Cash Retained Earnings E. $3,000 Sales Revenue F. $3,000 Cash; $(1,800) Inventory G. $3,000 Sales Revenue; $(1,800) Cost of Goods Sold H. $(3,000) Sales Revenue; $1,800 Cost of Goods Sold

Jun 11, 2022

SOLUTION.PDF

QUESTION 2 Cap & Trade, Inc., sold 300 baseball caps that cost $6 each to customers for $3,000 cash. Show the effect of this transaction on total Assets, Liabilities, Stock and/or Retained Earnings...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment