Question: 1 pts Question 7 Let's say that you make the the following journal entry: Debit Inventory $2,000 $2,000 Credit Cash How does this journal entry

1 pts Question 7 Let's say that you make the the

1 pts Question 7 Let's say that you make the the following journal entry: Debit Inventory $2,000 $2,000 Credit Cash How does this journal entry affect the accounting equation? [ans1] No net affect: There is both an increasein Assets and a decrease in Assets An increase in Assets and an increase in Liabilities Increase in Assets and an increase in Stockholders' Equity An increase in Assets and a decrease in Liabilities

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