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Business, 11.03.2020 21:51 khaylaperry

Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perpetual inventory system. Which of the following reflects the effect of the payment on the financial statements?Assets = Liab. + Equity Rev. βˆ’ Exp. = Net Inc. Cash FlowA. βˆ’ = βˆ’ + NA NA βˆ’ NA = NA βˆ’ OAB. βˆ’ = βˆ’ + NA NA βˆ’ + = βˆ’ βˆ’ OAC. +/βˆ’ = NA + NA NA βˆ’ NA = NA βˆ’ IAD. +/βˆ’ = NA + NA NA βˆ’ NA = NA βˆ’ OA

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Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perp...
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