A company purchased $9,600 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $480 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:? $9600 $9120 $9312 $8894 $8846

On September 12, Ryan Company sold merchandise in the amount of $6,200 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,200. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $540 and the cost of the merchandise returned is $370. The entry or entries that Ryan must make on September 14 is (are):