Presented below is information related to Sunland Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2017 $ 77,500 100 December 31, 2018 194,106 173 December 31, 2019 193,050 198 December 31, 2020 218,225 215 December 31, 2021 259,875 231 December 31, 2022 308,788 239 Compute the ending inventory for Sunland Company for 2017 through 2022 using the dollar-value LIFO method.

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Which motion below could be made so that the chair would be called on to enforce a violated rule?

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 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 $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?