Assume the perpetual inventory method is used. 1) The company purchased $13,000 of merchandise on account under terms 2/10, n/30. 2) The company returned $2,500 of merchandise to the supplier before payment was made. 3) The llability was paid within the discount period. 4) All of the merchandise purchased was sold for $20,000 cash. What effect will the return of merchandise to the supplier have on the accounting equation? Multiple Choice None. It is an asset exchange transaction. Accote ed lintitanere ndut