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

C. Owners equity increases by $750

Step-by-step explanation:

We are given that,

The product is sold for $1500 which was purchased for $750.

Since, 'Owner's equity is the difference of the assets and liabilities'.

As, the cost of the product (asset) = $750 and the selling price of the product (liabilities) = $1500

Now, the difference being positive implies that the equity increases by $750.

Thus, the correct option is given by,

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (