Galaxy company sold merchandise costing $1,700 for $2,600 cash. the merchandise was later returned by the customer for a refund. if the perpetual inventory method is used, what effect will the sales return have on the accounting equation?
a) total assets and total equity decrease by $900.
b) total assets decrease by $2,600 and total equity is decreased by $1,700.
c) total assets and total equity decrease by $2,600.
d) total assets and total equity increase by $900.

a) Total assets and total equity decrease by $900.

Step-by-step explanation:

The perpetual inventory method records the selling or purchasing of inventory immediately when it occurs and provides high detail.

r and t.

both are 64 degrees.

b. 1.25 hr

step-by-step explanation:

if you have a constant speed of 60 mph, then you have a ratio between 60 mi. to 1 hr. dividing both sides by 60 we get the ratio

1 mi. to

then mult. both sides by 75 we get the ratio

75 mi. to

simplifying we get

75 mi. to

or 1.25 hr.