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Business, 22.06.2019 21:20 mariahmimibrooks

Assume the perpetual inventory method is used. 1) the company purchased $14,000 of merchandise on account under terms 2/10, n/30. 2) the company returned $3,500 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $22,000 cash. what effect will the return of merchandise to the supplier have on the accounting equation?

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agriculture and oil. natural resources, industry.

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answer///ability to capture the attention of users;

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answerchemical property;

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D) when the consumer buys more than more is needed.

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Assume the perpetual inventory method is used. 1) the company purchased $14,000 of merchandise on ac...

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