A company purchased $1,500 of merchandise on credit with terms 3/15,n/30.How much will be debited to Accounts Payable if the company pays $485 cash on this account within 10 days?
A)$485.00
B)$500.00
C)Nothing will be debited to Accounts Payable; the account should be credited in this situation.
D)$470.45
E)$1,455.00

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The Answer of A company purchased $1,500 of merchandise on credit with terms 3/15,n/30.How much will be debited to Accounts Payable if the company pays $485 cash on this account within 10 days?
A)$485.00
B)$500.00
C)Nothing will be debited to Accounts Payable; the account should be credited in this situation.
D)$470.45
E)$1,455.00

A Company Purchased $1,500 of Merchandise on Credit with Terms