Solution-By how much should the account payable be adjusted

By how much should the account payable be adjusted on May

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Reference no: EM132623143

Question - Bramble Corp. records purchases at net amounts. On May 5 Bramble purchased merchandise on account, $78000, terms 2/10, n/30. Bramble returned $5700 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid.

By how much should the account payable be adjusted on May 31?

a. $1446.

b. $0.

c. $1674.

d. $1560.

Reference no: EM132623143

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By how much should the account payable be adjusted on May

Reference no: EM132623143

Reference no: EM132623143

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