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Cash Inventory Accounts Com Ret Amarilo Company experienced the following events during its first accounting period (1) Purchased $5,000 of inventory on account (2) Returned

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Cash Inventory Accounts Com Ret Amarilo 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 (3) Paid the remaining balance in account payable for the inventory purchased in Event 1 mmediately after the three events have been recognized, the balance in the inventory accounts 2 3 5 6 9 ow purchase returns and ellowances affect. Help Required information Multiple Choice $1000 Prey 4 6 8 9

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