Question: How does the following journal entry affect a company's financial statements? 400 Transportation-out Cash 400 Multiple Choice An increase in operating expenses shown on the

How does the following journal entry affect a company's financial statements?

How does the following journal entry affect a company's financial statements? 400 Transportation-out Cash 400 Multiple Choice An increase in operating expenses shown on the income statement An increase in the amount of cost of goods sold shown on the income statement An increase in inventory shown on the balance sheet A decrease in gross margin shown on the income statement

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