Styles Cells Clear- Find & Analyze Tacks Filter-Select- Data Eating Analysis Myt ducator MyEducator Tasks O Credit allowance for bad debts for $6,900. O Debit allowance for bad debts for $9,100. O Credit allowance for bad debts for $8,000. (40) A company purchased inventory on account for $7,000. The inventory inspector at the company did not approve of the quality of the inventory and so returned it. What is the impact on the company's financial statements of the return of this Inventory? O Increase accounts payable by $7,000 O Increase cost of goods sold by $7,000 O Decrease inventory by $7,000 O Decrease cost of goods sold by $7,000 E Beats Audio Next -> 100% 52F Sunny 5:39PM 1/27/2022