Question: Use the same information from BE10- 3 but assume that Sueco Retailers uses the net method to account for its inventory purchases. What is its

Use the same information from BE10- 3 but assume that Sueco Retailers uses the net method to account for its inventory purchases. What is its cash payment and reduction of inventory on October 25? What is the amount of accounts payable after the October 25 payment? Assume the perpetual inventory system is used.

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