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Coronado Industries records purchases at net amounts. On May 5 Coronado purchased merchandise on account, $90000, terms 2/10, n/30. Coronado returned $6400 of the May

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Coronado Industries records purchases at net amounts. On May 5 Coronado purchased merchandise on account, $90000, terms 2/10, n/30. Coronado returned $6400 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? $ 0. $1800. $1928. $1672

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