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Choose the subsidiary record or records affected by the transaction and the effect on each (increase or decrease) from the list provided. Inventory was received
Choose the subsidiary record or records affected by the transaction and the effect on each (increase or decrease) from the list provided. Inventory was received but not paid for on a purchase order. Payment terms were 2% 10, Net 30. Please add checkmark next to the correct answer(s). 1 Inventory decrease, Accounts Payable decrease 2 Inventory decrease, Accounts Payable increase 3 Inventory increase, Accounts Payable increase 4 Inventory increase, Accounts Payable decrease 5 No subsidiary records are affected
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