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question 45

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Use the following information for questions
Chi Co.records purchases at net amounts.On May 5 Chi purchased merchandise on account,
$8,000, terms 2/10, n/30.Pye returned $500 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?


Definitions:

Nerves

Bundles of axons coated in myelin that travel together through the body.

Cerebellum

A region of the brain located at the back of the skull, playing key roles in motor control, coordination, and balance.

Reticular Activating System

A network of neurons located in the brainstem that plays a critical role in controlling arousal and alertness.

Peripheral Nervous System

The Peripheral Nervous System consists of the nerves that lie outside the central nervous system and connect it to the rest of the body.

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