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After the amount due on a sale of $16,000, terms 2/10, N/eom, is receved frem a customer within the discount period, the sefler consents to

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After the amount due on a sale of $16,000, terms 2/10, N/eom, is receved frem a customer within the discount period, the sefler consents to the return of the entire shipment. The cost of the merchandise retumed was $10,000. a. What is the amount of the refund oned to the customen? b. tlistrate the effects on the sccounts and finaccial statements of the retum and the refund. If no account or actwity is affected, select "No effect" fram the dropdown and leave the comesocoding number entry box blank. Enter occount decreases, net cash outlions, and all negative effects on net income as negative amounts

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