Francetti Co purchased $6,000 of napkins for its business. One-fourth of the bill is unpaid. Upon review of the napkins still on hand, 20% were still available. What combination of amounts would affect the income statement and statement of cash flows? Statement of Cash Flow Income Statement

a.
($6,000) ($6,000)

b.
($4,500) ($6,000)

c.
($4,500) ($4,800)

d.
($6,000) ($4,800)


c

Business

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