Question: On 1 May, East owed a supplier $1,200. During the month of May, East: Purchased goods for $1,700 and the supplier offered a 5%

On 1 May, East owed a supplier $1,200. During the month of

On 1 May, East owed a supplier $1,200. During the month of May, East: Purchased goods for $1,700 and the supplier offered a 5% discount for payment within the month. Returned goods valued at $100 which had been purchased in April. Sent a cheque to the supplier for payment of the goods delivered in May. What is the balance on the supplier's account at the end of May?

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