Use the Following Information for Questions 96 and 97

question 11

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.
-The amount to be recorded as a purchase return is

• A) $2,700.
• B) $3,060
• C) $3,000.
• D) $2,940.

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