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Galaxy Company sold merchandise costing Soo for $2.800 cash. The merchandise was later resumed by the customer for a refund. The company uses the perpetual

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Galaxy Company sold merchandise costing Soo for $2.800 cash. The merchandise was later resumed by the customer for a refund. The company uses the perpetual inventory system. What effect will the sales retum have on the financial Statements? Consider the effects of both parts of this event) M e Choice Toalets and total stockholders increase by $900 Tot assets and total stockholders' uty decrease by 5900 to decrease by $2.800 and total stockholders uity decreases by SLO Total assets and total stockholders equity decrease by 12.000

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