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Amarillo Company experienced the following events during its first accounting period. ( 1 ) Purchased $ 6 , 6 0 0 of inventory on account
Amarillo Company experienced the following events during its first accounting period.
Purchased $ of inventory on account under terms
Returned $ of the inventory purchased in Event
Paid the remaining balance in account payable within the discount period for the inventory purchased in Event
Based on this information, which of the following shows how the recognition of the cash discount Event will affect the company's financial statements?
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