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Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory for cash. (2) Returned $100 of the inventory purchased

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Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory for cash. (2) Returned $100 of the inventory purchased in Event 1. Based on this information, which of the following shows how the recognition of the return will affect the Company's financial statements? Multiple Cholce

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