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On March 1, 2017, Tart Company purchased inventory for $3,000, terms 2/10, n/30. The company returned goods of $700 on March 3. If Tart pays
On March 1, 2017, Tart Company purchased inventory for $3,000, terms 2/10, n/30. The company returned goods of $700 on March 3. If Tart pays the balance due on March 9, what is the impact of the payment on the accounting equation?
Question 15 options:
| Decrease Cash $2,240, decrease inventory $60 and decrease accounts payable $2,300 |
| Decrease Cash $2,254, decrease inventory $46 and decrease accounts payable $2,300 |
| Decrease Cash $2,254 and decrease accounts payable $2,254 |
| Decrease Cash $2,940 and decrease accounts payable $2,940 |
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