A new hire wants to use a personally owned phone to access company resources. The new hire expresses concern about what happens to the data on the phone when they leave the company. Which of the following portions of the company's mobile device management configuration would allow the company data to be removed from the device without touching the new hire's data

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?