If merchandise purchased on credit is returned to the seller for a full refund, what would be the effect on the accounts listed below? Multiple Choice Increase inventory No effect on Cost of Goods Sold: Decrease Accounts Payable. Decrease Inventory. No effect on Cost of Goods Sold; Decrease Accounts Payable Decrease Inventory, Decrease Cost of Goods Sold: No effect on Accounts Payable No effect on inventory, Decrease Cost of Goods Sold; Decrease Accounts Payable