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For the following transactions for Lululemon determine if total liabilities increase, decrease, or stay the same.Lululemon receives cash from a customer. The customer had previously
For the following transactions for Lululemon determine if total liabilities increase, decrease, or stay the same.Lululemon receives cash from a customer. The customer had previously purchased shorts on account from Lululemon and was now paying of their balance due to Lululemon.Lululemon sells shorts for $ and the customer pays by using a gift card. The cost of inventory was $ per short.Lululemon pays $ to pay off a longterm note payable.
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