select No effect from the dropdown list and leave the corres

select \"No effect from the dropdown list and leave the corresponding number entry box blank. Enter account decreases, cash outflows, and the cost of merchandise sold as negative amounts Income able Net I Previous Next Check My Work

Solution

a.

b.

a	Accounts receivable	Inventory		Sales tax payable	Retained earnings
	11925		-6750		675		4500
No effect on statement of cash flows				Sales	11250
							Cost of goods sold	6750
							Net income	4500