Assume the perpetual inventory method is used. The company purchased $13,900 of merchandise on account under terms 2/10, n/30 The company returned $3,400 of merchandise to the supplier before payment was made The liability was paid within the discount period. All of the merchandise purchased was sold for $21,800 cash What effect will the return of merchandise to the supplier have on the accounting equation? Multiple Choice Assets and liabilities are decreased by $3,400 Assets and stockholders' equity are decreased by $3,400. None. It is an asset exchange transaction. Assets and liabilities ore decreased by $3.332