Register

Lenham, inc. sells merchandise on credit. if a customer pays its balance due within the discount period, what is the effect of the payment on blenham's accounting equation?…

Lenham, inc. sells merchandise on credit. if a customer pays its balance due within the discount period, what is the effect of the payment on blenham's accounting equation?…
10.7k views
5 votes
Lenham, inc. sells merchandise on credit. if a customer pays its balance due within the discount period, what is the effect of the payment on blenham's accounting equation?

User AdmiralNemo
by
7.9k points

1 Answer

3 votes
assets and stockholder's equity decrease
User Boris Sokolov
by
7.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!