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following transactions September 15 Purchased merchandise with an invoice price of $72,500 and credit terms of 5/5, n/15. September 29 Paid supplier the amount owed
following transactions September 15 Purchased merchandise with an invoice price of $72,500 and credit terms of 5/5, n/15. September 29 Paid supplier the amount owed on the September 15 purchase. Which statement is true: A. Liability will increase by $72,500 on September 29 B. Cash will increase by $72,500 on September 29 C. Cash will decrease by $72,500 on September 15 D. Liability will increase by $72,500 on September 15
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