Ann trades as a trader. On 1 April, the account for Cindy in Ann’s ledger was showing a credit balance of $520. The following transactions occurred in April. April 2: Ann sent back goods worth $30 to Cindy. April 14: Ann purchased goods worth $210 from Cindy and settled the amount in cash. Which statement about the balance of Cindy’s account in Ann’s ledger on 30 April is correct?
- AAnn owes Cindy $490.
- BAnn owes Cindy $700.
- CCindy owes Ann $490.
- DCindy owes Ann $700.