Business
Business, 15.04.2021 14:50, alyssa6383

Who is responsiblefor pay the following tax s. i.t. e​

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Business, 22.06.2019 16:50, taylorb9893
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Business, 22.06.2019 20:00, hunter3978
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?
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