Cool taste company recorded $5,000 in sales on account for the week. what effect does this transaction have on the accounting equation? a. $5,000 increase in assets and $5,000 decrease in owner's equity b. $5,000 increase in assets and $5,000 increase in owner's equity c. $5,000 increase in assets and $5,000 increase in liabilities d. no effect on the accounting equation

The correct answer is d.no effect on the accounting equation

Explanation:

The accounting equation is = Assets = Liabilities - Owner's Equity

The sale for $5,000 is recorded in a Profit and Loss Statement not in a Balance Sheet because is not an Assets or Liabilities nor Owner's Equity

eds? ederal government or feds

answer; a large down payment,a longer term loan, would result in a lower monthly payment;