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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
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?
$1446.
$ 0.
$1674.
$1560.
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