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Nobles Co. records purchases at net amounts. On May 5 Nobles purchased merchandise on account, $80,000, terms 2/10, n/30. Nobles returned $6,000 of the May

Nobles Co. records purchases at net amounts. On May 5 Nobles purchased merchandise on account, $80,000, terms 2/10, n/30. Nobles returned $6,000 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid.

The amount to be recorded as a purchase return is a. $5,400 b. $6,120 c. $6,000 d. $5,880

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