Dogs R US uses the perpetual inventory system to account for its merchandise. On May 1, it returned $50 of merchandise due to a defect. Assuming that the purchase was originally bought on credit, demonstrate the required journal entry to record the return by selecting all of the correct actions below. (Check all that apply.) Credit Merchandise Inventory $50. Debit Accounts Payable $50. Credit Purchase Returns $50. Credit Accounts Payable $50. Debit Merchandise Inventory $50. Debit Cash $50.