Assets Liabilities Shareholders' Equity $ Common Stock $ Shareholders' Equity On February 20, Wursthaus, Inc., paid...

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Assets Liabilities Shareholders' Equity $ Common Stock $ Shareholders' Equity On February 20, Wursthaus, Inc., paid for $500 of the sausages purchased on account on January 21. Show the effect of this transaction on the accounting equation below. IF THERE IS NO EFFECT, SELECT "O NO EFFECT." + Assets : Liabilities A. (500) Cash B. (500) Accounts Payable C. 500 Accounts Payable Retained Earnings D, 500 Inventory Expense E. (500) Cost of Goods Sold F. 0 No Effect G.500 Cash H. (500) Inventory Expense 1, 500 Inventory $ Assets Liabilities Shareholders' Equity $ Common Stock $ Shareholders' Equity On February 20, Wursthaus, Inc., paid for $500 of the sausages purchased on account on January 21. Show the effect of this transaction on the accounting equation below. IF THERE IS NO EFFECT, SELECT "O NO EFFECT." + Assets : Liabilities A. (500) Cash B. (500) Accounts Payable C. 500 Accounts Payable Retained Earnings D, 500 Inventory Expense E. (500) Cost of Goods Sold F. 0 No Effect G.500 Cash H. (500) Inventory Expense 1, 500 Inventory $

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