Savea Assume the perpetual Inventory method is used The company purchased $13,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $3,000 of merchandise to the supplier before peyment was made. 3) The iability was paid within the discount period 4) All of the merchandise purchased was sold for $21,000 cash What effect will the return of merchandise to the supplier have on the accounting equation? Multiple Choice Assets and equity are reduced by $3.000 Assets and iabilities are reduced by $2.940 Assets and liabilties are reduced by $3.000 None it is an asset exchange transaction