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Foyth Company bought Inventory on October 1, 2020 worth $227,000 by Issuing a $240,000 noninterest bearing note due in 6 months. The adjusting entry made

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Foyth Company bought Inventory on October 1, 2020 worth $227,000 by Issuing a $240,000 noninterest bearing note due in 6 months. The adjusting entry made by Foyth on December 31, 2020 Multiple Choice 0 Increase discount on the notes payable by $4,333 0 Decrease carrying value of the notes payable by $6,500 0 Increase carrying value of the notes payable by $4,333 0 Decrease stockholders' equity by $6,500

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