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Help Save&Exit nted a sales discount of $360 to a customer when it collected the amount due on account Yowel uses the perpetual inventory system.
Help Save&Exit nted a sales discount of $360 to a customer when it collected the amount due on account Yowel uses the perpetual inventory system. Which of the following answers reflects the effects on the financial statements of only the discount? Assets- Liab. + Equity Rev A. (360) NA(360) (360) NA(360) . - Exp.1? Net Inc. Cash Flow (360) OA 0010:47) B. NA: (368) + 360 360- NA NA NA NA 368 ?. (368): NA + (360) (368)-NA = (360) D. NA(360)360 360NA360 Multiple Choice
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