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1. Company 1 purchased goods from a supplier on credit for 300,000. Company 1 returned 25,000 worth of goods to this supplier subsequently. The
1. Company 1 purchased goods from a supplier on credit for 300,000. Company 1 returned 25,000 worth of goods to this supplier subsequently. The supplier acknowledged their mistake and offered a discount of 5,000 for the inconvenience. By the end of the month, Company 1 paid 180,000 as part payment to the outstanding debt. What is the net balance in the account payables? A. 300,000 B. 275,000 C. 95,000 D. 90,000
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