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Question 16 1 pt A company bought $4,000 of inventory. The company later returned $500 of the merchandise and paid the invoice within the 2%

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Question 16 1 pt A company bought $4,000 of inventory. The company later returned $500 of the merchandise and paid the invoice within the 2% cash discount period. In addition, the company paid $350 of freight charges to an independent transportation carrier. What is the balance in the inventory account after all transactions were recorded? TYPE YOUR ANSWER WITHOUT DOLLAR SIGNS, DECIMALS OR COMMAS. FOR EXAMPLE: 6942 1 I Question 17 1 pts 110 cash

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