A check written by the company for $167 is incorrectly recorded on their books as $176. The $9 error should be (Hint: DO NOT do this in your head, write it out like we did in class...) 19 Multiple Choice 02:18:59 added to the balance per bank. Print deducted from the balance per books. deducted from the balance per bank. added to the balance per books. - 22 Required information [The following information applies to the questions displayed below.) Part 1 of 2 Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 02:18:27 Print 1) The company purchased $12,400 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,900 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 in event (2) have on Darlington's financial statements? Required information 22 What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements? Part 1 of 2 Multiple Choice 8 02:18:18 o Assets and liabilities decrease by $1,900. Print None. It is an asset exchange transaction. Assets and liabilities decrease by $1,862. Assets and stockholders' equity decrease by $1,900