Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 5 Question 4: (0.5 point). On May 1, Xena Company purchased merchandise on account, $254,500, terms, 2/10, n/30. On May 4, $4,500 of merchandise was returned and on May 10, Xena paid the amount due. Required: What is the balance in Accounts payable after the May 4 return? Omit $ signs