Use the Following Information for Questions 96 and 97

question 114

Multiple Choice

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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Definitions:

Necessity Defense

A legal defense asserting that a criminal act was justified because it was necessary to prevent a more serious harm.

Necessity

An affirmative defense in which the defendant tries to prove that he or she was acting to prevent imminent harm and that there was no legal alternative to the action the defendant took.

Justifiable Use of Force

Legally permitted application of force under certain circumstances, such as self-defense or to uphold the law.

Probable Cause

Any essential element and/or standard by which a lawful officer may make a valid arrest, conduct a personal or property search, or obtain a warrant.