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Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on account (2) Returned $1,000 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 on account (2) Returned $1,000 of the inventory purchased in Event 1 (3) Paid the remaining balance in accounts payable for the inventory purchased in Event 1. Based on this information the journal entry necessary to record the return is

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