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Ramirez Company returns merchandise previously purchased on account. It had not yet been paid for. Ramirez uses the perpetual inventory system Which of th following

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Ramirez Company returns merchandise previously purchased on account. It had not yet been paid for. Ramirez uses the perpetual inventory system Which of th following reflects the effects on the financial statements of only the purchase return? Balance Sheet Income Statement Stockholders' Assets Liabilities Equity Revenue Expenses A. Net Income + NA Statement of Cach Pious NA -OA - NA NA 4 NA +/- NA NA NA NA = NA NA NA NA NA NA O Option A Option B Option C ni pue sdIL - Option D

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