Writing in 2016, economist robert gordon of northwestern university stated his views of the effects of information technology on the economy:
we don't eat computers or wear them or drive to work in them or let them cut our hair. we live in dwelling units that have appliances much like those of the 1950s, and we drive in motor vehicles that perform the same functions as in the 1950s, albeit with more convenience and of the economy has already benefited from the internet and web revolution, and in this sphere of the economic activity, methods of production have been little changed over the past revolutions in everyday life made possible by e-commerce and search engines were already well established [by 2004].
source: robert j. gordon, the rise and fall of american growth: the u. s. standard of living since the civil war, princeton, nj: princeton university press, 2016, p. 579.

if gordon's observations about the information revolution are correct, that implies

Asavings account that pays interest every 3 months is said to have a interest period

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 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 $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?