Knowledge Check Three transactions for Carla Vista Gifts are presented here. On October 2,...

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Accounting

Knowledge Check
Three transactions for Carla Vista Gifts are presented here.
On October 2, Carla Vista Gifts purchased $50,000 of merchandise from Sea Toys, terms 1/10, n/30.
On October 6,arla Vista Gifts returned $2,600 of the merchandise purchased on October 2.
On October 12, Carla Vista Gifts paid the balance due to Sea Toys.
a. How much cash is paid by Carla Vista Gifts on October 12?
b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.)
Accounts Payabl
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