Use the following information for questions 96 and 97.
Winsor Co. records purchases at net amounts. On May 5 Winsor purchased merchandise on account, $40,000, terms 2/10, n/30. Winsor returned $3,000 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?
A) $ 0.
B) $860.
C) $800.
D) $740.

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The Answer of Use the following information for questions 96 and 97.
Winsor Co. records purchases at net amounts. On May 5 Winsor purchased merchandise on account, $40,000, terms 2/10, n/30. Winsor returned $3,000 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?
A) $ 0.
B) $860.
C) $800.
D) $740.

Use the Following Information for Questions 96 and 97