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1) The company purchased $13,800 of merchandise on account under terms 2/10,n/30. 2) The company returned $3,300 of merchandise to the supplier before payment was

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1) The company purchased $13,800 of merchandise on account under terms 2/10,n/30. 2) The company returned $3,300 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 $21,600 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements? Multiple Choice None. It is an asset exchange transaction. Assets and stockholders' equity decrease by $3, Assets and liabilities decrease by $3.300. Assets and liabilities decrease by $3,234

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