Jones Manufacturing Company Experienced an Accounting Event That Affected Its

Jones Manufacturing Company experienced an accounting event that affected its financial statements as indicated below: $\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|}\hline {\text { Assets }}& & = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } \\\hline+ \mid - & && \text { NA } & & \text { NA } & \text { NA } & & \text { NA } & & \text { NA } \\\hline\end{array}$ Which of the following accounting events could have caused the indicated effects on the firm's accounting equation?

A) Purchased raw materials on account.
B) Recognized revenue from merchandise sold for cash.
C) Transferred cost of goods manufactured from the Work in Process Inventory to the Finished Goods Inventory account.
D) None of these.