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purchase discounts the following are transactions of the lion company.. help with all the missing spots please OMEWORK CHAPTER urchase Discounts he following are transactions

purchase discounts the following are transactions of the lion company.. help with all the missing spots please
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OMEWORK CHAPTER urchase Discounts he following are transactions of Lion Company. dentity and analyze each of the following transactions of Lion Company. (All purchases on credit are made with uly 3: Purchased merchandise on credit from Devlin Enterprises for $4,100 Activity terms of 1/10, n/30, and Lion uses the periodic system of inventory.) Account Payable Increase, Purchases lecrease Statement(s) Balance Sheet and Income Statement How does this entry afect the accounting equation? ra financial statement item is not affected, select-so Entry, and leave the amount box bank or enter "or-i, the effect is negative, use the meus sgn. Belance Sheet Stockholders Assets Liabilities Equity Revenues Expenses No Entry No Entry uly 12: Paid amount owed to Devin Enterprises Activity Operatingp Cash Decrease, Account Paynble Decrease Balance Sheet only Statements) ow does this entry anect the accounting equation? r a nnancial statemen nem is not amcted, select-No entry" and lerve ehe amount box bank or enter-0", ene enect-negative, ute the mna up. Iemember! a contro account is noeased. wiu have the effect ofdecreanng th. corresponding financial statement nem 5 more Check My Work uses eaining PreviousNext Account Payable Increase, Purchases Increase and Income s Accounts Statement(s) ow does tis entry affect the accounting equation? f a francial statement is term as not affected, select "No Entry" and leave the amount box blank or enter " the enet negative, Balance Sheet Steekholders +Equity Accounts Payable y 12: Paid amount owed to Devin Enterprises Cash Decrease, Account Peyable Decrease a contra account is t will have the of decreasing the

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