Use the Following Information for Questions

question 45

Multiple Choice

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?

• A)$0.
• B)$170.
• C)$160.
• D)$150.

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Definitions:

Research Subjects

Individuals or entities upon which scientific investigations are conducted to gather data and test hypotheses in various fields of study.

Life Records

Documentation or data pertaining to an individual’s experiences, achievements, and personal history.

Personality Tests

Assessments designed to measure and evaluate an individual's character, traits, and behavior patterns.

Behavioral Genetics

A field of study that examines the role of genetic and environmental influences on behaviors.