QUESTION 2Wursthaus, Inc., sold 800 of its sausages that cost $6 each to customers for $8,000 cash. Record both the sale and cost of goods sold byshowing the effect of this transaction on total Assets, Liabilities, Stock and/or Retained Earnings and the account titles. If no effect, select"$O No Effect".v AssetsA. eR 000 Cash; $(800) InventoryLiabilitiesB. p0,000 Cash; $(4,800) Inventoryv StockC. 5800 Cashv Retained EarningsD. $8,000 Sales Revenue; $(8,000) Cost of Goods SoldE. $(4,800) Rent ExpenseF. $(4,800) Cost of Goods SoldG. $8,000 CashH. $8,000 Sales Revenue: $(4.800) Cost of Goods Sold1. $8.000 Cash; $(8,000) InventoryJ. sO No EffectK. $8.000 Sales RevenueL. $(4,800) InventorySave All AnsClick Save and Submit to save and submit. Click Save All Answers to save all answers.étv18MacBook AirDD80888F8F9F10F6F7F3F4F5F2@#32$%&2346.78.WYSFGHJKRD

A transaction of sale of goods increases the cash and account receivable, decreases inventory,…

Wursthaus, Inc., sold 800 of its sausages that cost $6 each to customers for $8,000 cash. Record both the sale and cost of goods sold by showing the effect of this transaction on total Assets, Liabilities, Stock and/or Retained Earnings and the account titles. If no effect, select "$0 No Effect". Assets A. en 000 Cash; $(800) Inventory Liabilities B. s0,000 Cash; $(4,800) Inventory Stock C. $800 Cash Retained Earnings D. $8,000 Sales Revenue; $(8,000) Cost of Goods Sold Е. $(4,800) Rent Expense F. $(4,800) Cost of Goods Sold G. §8,000 Cash H. $8,000 Sales Revenue; $(4,800) Cost of Goods Sold I. $8,000 Cash; $(8,000) Inventory J. $0 No Effect K. $8,000 Sales Revenue L. $(4,800) Inventory

Wursthaus, Inc., sold 800 of its sausages that cost $6 each to customers for $8,000 cash. Record both the sale and cost of goods sold by showing the effect of this transaction on total Assets, Liabilities, Stock and/or Retained Earnings and the account titles. If no effect, select "$0 No Effect". Assets A. en 000 Cash; $(800) Inventory Liabilities B. s0,000 Cash; $(4,800) Inventory Stock C. $800 Cash Retained Earnings D. $8,000 Sales Revenue; $(8,000) Cost of Goods Sold Е. $(4,800) Rent Expense F. $(4,800) Cost of Goods Sold G. §8,000 Cash H. $8,000 Sales Revenue; $(4,800) Cost of Goods Sold I. $8,000 Cash; $(8,000) Inventory J. $0 No Effect K. $8,000 Sales Revenue L. $(4,800) Inventory

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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