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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?
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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
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1 Answer

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assets and stockholder's equity decrease
User Boris Sokolov
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