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Lazaro Company bought inventory on September 1, 2020 worth $450,750 by issuing a $180,000 noninterest-bearing note due in 9 months. The adjusting entry made by
Lazaro Company bought inventory on September 1, 2020 worth $450,750 by issuing a $180,000 noninterest-bearing note due in 9 months. The adjusting entry made by Lazaro on December 31, 2020 will Multiple Choice Decrease carrying value of the notes payable by $13,000 o o O Decrease stockholders' equity by $13,000 Decrease discount on the notes payable by $9.750 O Increase carrying value of the notes payable by $9.750
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