Three transactions for Ivanhoe Gifts are presented here. On October 2, Ivanhoe Gifts purchased...

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Accounting

Three transactions for Ivanhoe Gifts are presented here.
On October 2, Ivanhoe Gifts purchased $53,500 of merchandise from Sea Toys, terms 210,n30.
On October 6, Ivanhoe Gifts returned $2,300 of the merchandise purchased on October 2.
On October 12, Ivanhoe Gifts paid the balance due to Sea Toys.
a. How much cash is paid by Ivanhoe 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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