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Accounting Homework Help
When a supplier makes a downward adjustment in the amount owedby a creditor, the creditor will:
reduce the amount of the account payable to the supplier, anddecrease an asset such as inventory. |
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increase the amount of the account payable to the supplier, anddecrease an asset such as inventory. |
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reduce the amount of the account payable to the supplier, andincrease cash. |
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reduce the amount of the account payable to the supplier, anddecrease cash. |
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