Use the Following Information for Questions

question 45

Multiple Choice

Use the following information for questions
Richey Co.records purchases at net amounts.On May 5 Richey purchased merchandise on account, $16,000, terms 2/10, n/30.Richey returned $1,200 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)$344.
• C)$320.
• D)$296.

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Definitions:

Classically Conditioned Responses

Behaviors that are learned through the process of associating an initially neutral stimulus with a stimulus that naturally evokes a response.

Nondeclarative Memory

A type of long-term memory that stores knowledge of procedures and how things are done, rather than explicit facts or events.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.

Pedaling

A physical activity involving the use of legs to move pedals in a circular motion, commonly associated with bicycling or exercising on stationary bikes.