Question

Determine the effect on the balance sheet after the following transaction.

You sell a product purchased for $750 for $1,500.00. This means:

Cash increases by $750
Cash decreases by $750
Owner’s equity increases by $750
Owner’s equity decreases by $750

Answer 1

Cash increases by $750?

Answer 2

Yes.

Answer 3

thanks

Answer 4

wait

Answer 5

i think C actually.