10 6 points
GreenGear LLC sells machinery to Klocko Co on credit for $26,000. The machinery cost GreenGear LLC $14,000. How does the cost of the goods that were sold affect
GreenGear LLC's expanded accounting equation?
Increase Cost of Goods sold $26,000; Decrease Inventory $14,000
Increase Cost of Goods sold $14,000; Decrease Inventory $26,000
Increase Cost of Goods sold $26,000; Decrease Inventory $26,000
Increase Cost of Goods sold $14,000; Decrease Inventory $14,000
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