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? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.-=-+NANA-NA=NA- OAB.-=-+NANA-+=-- OAC.+ -=NA+NANA-NA=NA- IAD.+ -=NA+NANA-NA=NA- OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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