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Business, 11.03.2020 21:51 khaylaperry

Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perpetual inventory system. Which of the following reflects the effect of the payment on the financial statements?Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash FlowA. − = − + NA NA − NA = NA − OAB. − = − + NA NA − + = − − OAC. +/− = NA + NA NA − NA = NA − IAD. +/− = NA + NA NA − NA = NA − OA

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