Required Information The following information applies to the questions displayed below) Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual Inventory system 1) The company purchased $12.900 of merchandise on account under terms 3/10, 1/30 2) The company returned $2,400 of merchandise to the supplier before payment was made 3) The ability was paid within the discount period. 4) All of the merchandise purchased was sold for $19.800 cash What effect will the return of merchandise to the supplier in event 2) have on Darlington's financial statements? Multiple Choice Assots and stockholders' equity decrease by 52.400 O Assets and liabuities decrease by $2.400 None. It is an assor exchange transaction Assets and tables decrease by $2.328 Required Information {The following Information applies to the questions displayed below) Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual Inventory system. 1) The company purchased $12.900 of merchandise on account under terms 3/10, 1/30. 2) The company returned $2,400 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $19,800 cash. What is the gross margin that results from these four transactions? Multiple Choice 59,615 $9.687 $6,000 56,693 The balance Accounts Receivable at the beginning of the year amounted to 52.400 During the year 1.300 of cheese were to comes we ding wance in Accouncev mounted to 3540 and uncollectible accounts expense mounted to 5640 What the amount of cathindow from customers would be in the connection Muole Chic $8.500 58 O $10760 in the second If the replacement cost of Inventory is greater than its historical cost, the increase in value does not affect the company's financial statements True or False True False