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Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perpetual inventory system. Which of the following answers
Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perpetual inventory system. Which of the following answers reflects the effect of the payment on the financial statements? Balance Sheet Income Statement Stockholders' Assots- Liabilities Equity Revenue A. n/a n/a Expense n/a Net Income Statement of Cash Flo n/a -OA B. n/a n/a + n/a -QA C. +/- n/a n/a n/a n/a n/a -IA D. +/- n/a n/a n/a n/a n/a -IA Multiple Choice Option A Option B Option C
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