Three transactions for Crane Gifts are presented here. On October 2, Crane Gifts purchased $38,500...
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Three transactions for Crane Gifts are presented here. On October 2, Crane Gifts purchased $38,500 of merchandise from Sea Toys, terms 1/10,n/30. On October 6, Crane Gifts returned $2,800 of the merchandise purchased on October 2 . On October 12, Crane Gifts paid the balance due to Sea Toys. a. How much cash is paid by Crane Gifts on October 12 ? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.)
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You can see the logs in the Dashboard.