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Question 4 Concord Corporation records purchases at net amounts. On May 5 Concord purchased merchandise on account, $87000, terms 2/10, n/30. Concord returned $6500 of

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Question 4 Concord Corporation records purchases at net amounts. On May 5 Concord purchased merchandise on account, $87000, terms 2/10, n/30. Concord returned $6500 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 O $6370. $5850. O $6630. O $6500

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