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Faris Company paid the amount due on a purchase of merchandise on account. Faris uses the perpetual inventory system. Which of the following answers reflects

Faris Company paid the amount due on a purchase of merchandise on account. Faris uses the perpetual inventory system. Which of the following answers reflects the effect of the payment on the financial statements? image text in transcribed

Question 12 options:

Choice A

Choice B

Choice C

Choice D

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