company returned merchidise to the supplier before laymant was made. what effect will the return of merchindise to the supplier have on the accounting equation

A company purchased inventory on account, If the perpetual inventory method is used, which of the following choices accurately reflects how the purchase affects the company's financial statements? On April 1, Snell Company sold on account merchandise with a list price of $50,000. Payment terms were 3/1030. The receivable was collected from the customer on April 8 . Considering only the collection of cash from the receivable, what effect will the transaction have on th company's financial statements? Muitiple Choice