23. Examine the financial statements effects template below. Then select the answer that best describes the transaction. Balance Sheet Income Statement Transaction Cash + Noncash Contrib Earned Asset Assets = Liabilities + Capital + Capital Revenues - Expenses Net Income ?? -60 + 300 + 240 A) Repay accounts payable of $60, net B) Record accounts receivable of $300 and cash collected of $60 C) Purchase inventory of $300 partly on credit and partly by paying cash D) Purchase $300 of equipment on account E) None of the above