Multistep question need help with both.

Standing Desk Company purchases $25,000 of desks on account for resale. The company returns $5,000 of the desks to the supplier and receives a credit on account. Assuming the company uses a perpetual inventory system, which of the following reflects the journal entry the company should use to record the return of goods? Multiple Choice Debit accounts payable $5,000; credit Inventory $5,000. Debit purchases returns $5,000; credit accounts payable $5,000. Debit accounts payable $25,000; credit Inventory $25,000. Debit purchases $20,000; credit Inventory $20,000. Home Entertainment Company sells $50,000 of TVs to a customer. The terms include a 2% discount if paid in 7 days and a 1% discount if paid in 8-14 days. Payment is received in 12 days. How should the transaction on the 12th day be recorded by the seller? Multiple Choice Debit Inventory $500; credit accounts payable $500. Debit cash $49,500; debit sales discounts $500; credit accounts receivable $50,000. Debit accounts receivable $50,000; credit cash $49,500; credit sales discounts $500. Debit accounts payable $500, credit Inventory $500