1. The Stationery Company purchased merchandise on account from a supplier for $11,000, terms 1/10, n/30. The Stationery Company returned merchandise with an invoice amount of $1,300 and received full credit.

a. If The Stationery Company pays the invoice within the discount period, what is the amount of cash required for the payment? $___________________

b. Under a perpetual inventory system, what account is credited by The Stationery Company to record the return