Dogs R US uses the perpetual inventory system to account for its merchandise. On May 1, it returned $50 of merchandise due to a defect. Assuming that the purchase was originally bought on credit, demonstrate the required journal entry to record the return by selecting all of the correct actions below. (Check all that apply.) Credit Accounts Payable $50. Credit Merchandise Inventory $50. Debit Merchandise Inventory $50. Debit Cash $50. Debit Accounts Payable $50. Credit Purchase Returns $50.