Question: Record the transaction below. Shareholders' Equity Assets Liabilities Common Stock Retained Earnings Show the effect of the transaction Cop & Trade Inc. sold 300 baseball

Record the transaction below. Shareholders' Equity Assets Liabilities Common Stock Retained Earnings Show the effect of the transaction Cop & Trade Inc. sold 300 baseball caps that cost 56 each to customers for $3.000 cash. IF THERE IS NO EFFECT, SELECT O NO EFFECT." Ao No effect Assets Liabilities B. (1.800) Cost of Goods Sold C3,000 Sales Revenue (1.800) Cost of Goods Sold Retained Eamings D (1,800) Inventory E3,000 Cash 3.000 Sales Reverse 63,000 Cash: (1 800) Inventory

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