Amy farmer receives something in the mail from the company she has purchased stock in. this legal form lists the issues to be decided at the annual stockholders' meeting and asks her to sign something that allows someone else to vote for her. what has she received in the mail?

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?