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Purchases Transactions Barans Company purchased merchandise on account from Springhill Company...

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Accounting

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Purchases Transactions Barans Company purchased merchandise on account from Springhill Company for $10,800, terms 2/10, n/30, Barans returned merchandise with an inoice amount of $2,300 and received full credit: a. If Barans Company pays the involce within the discount period, what is the amount of cosh required for the payment? If required, round the answer to the nearest dollar: x b. What account is debited by Barans Company to record the return? iscounts, the net purchase price is roconded at the time of purchase. If the buget makes a feturn of rerchandise of is granted a ofice ount, the amount of the retim is recorded at the irvoice orice less the dscount

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