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(1) Purchased $10,000 of inventory on account under terms 1/10 n/30 (2) Returned $2,000 of the inventory purchased in Event 1 3) Poid the remaining

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(1) Purchased $10,000 of inventory on account under terms 1/10 n/30 (2) Returned $2,000 of the inventory purchased in Event 1 3) Poid the remaining balance in account payable for the inventory purchased in Event 1 Based on this information, which of the following shows how paying off the account payable (Event 3) will affect the Company's financial statements? Balance Sheet Income Statement Stockholders Equity n/a Assets A. (8,000) B. (7.900) C. (8,000) D. (7,920) Liabilities (8,000) (7,900) (8,880) (7,920) n/a Revenue n/a n/a n/a n/a Expense n/a 7,900 8,000 n/a Net Income n/a (7,980) (8,000) n/a Statement of Cash Flows (8,000) OR (7.900) On (9,000) ON (7,920) n/a n/a Multiple Choice Option Option Optionc Option

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