my name is not ❌ five 5️⃣ weenies i am shouto ❄️ from UA and i wanna be a hero my father ‍♂️ endeavor is ✨ currently the number one ☝️ hero ‍♂️ but to be frank i’ve always hated him and wanna forge my own path in the world of pros ✨

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?