Satoor, Inc. Satoor, Inc., which uses a periodic inventory s…

Sаtооr, Inc. Sаtоor, Inc., which uses а periodic inventory system, purchased merchandise from Taye Company on July 7 for $15,000. The credit terms were 1/10, n/30. The goods were shipped F.O.B. shipping point on July 7. Satoor, Inc. received the merchandise on July 10 and paid the amount due on July 15.   What effect does recording the purchase of merchandise on July 7 have on the buyer's accounting equation?