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The beginning balance in Ace's accounts payable was $ 3 , 0 0 0 . Ace then bought $ 2 0 0 of supplies paying

The beginning balance in Ace's accounts payable was $3,000. Ace then bought $200 of supplies paying cash. It also paid $500 of the amount that it owed for supplies purchased on account last month. The ending balance in Ace's accounts payable is a Blank______.
Multiple choice question.
credit of $3,500
credit of $3,700
credit of $2,500
credit of $3,000
credit of $2,700

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