1. Scan purchased $15,000 of inventory on July 16, 2023 with terms 2/10,n/30. They received the invoice the same day. a. Record the journal entry for the receipt of the inventory and the payment if they paid it on July 25 or if they paid in on August 10. July 16, 2023 July 25, 2023 August 10, 2023 b. What is the value of the inventory if they paid for it on i. July 25, 2023. ii. August 10, 2023. 2. Visit had a $500,000 6% line of credit with Coupon Bank. No payments were required if the balance was below $350,000. Interest is accrued monthly. On October 1 their opening balance was zero. On October 17, they borrowed $150,00, borrowed an additional $100,000 on November 12 and made a $$175,000 payment on December 20. What was their balance on December 31. Show your work. Transaction Date Balance Days Interest