Barans Company purchased merchandise on account from a supplier for $8,600, terms 2/10, n/30. Barans returned $2,200 of the merchandise and received full credit.

a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? If required, round the answer to the nearest dollar.

Journalize the following merchandise transactions: _____

B Journalize the following merchandise transactions:

Sold merchandise on account, $21,200 with terms 1/10, n/30. The cost of the goods sold was $12,720.

Accounts receivable ______

sales_______

C. Received payment less the discount.

Cash _____

Accounts receivable ______