Before paying an invoice, a buyer may return merchandise or be granted a price allowance for an invoice with a purchase discount. In this case, the amount of the return is recorded at its invoice amount less the discount. To illustrate, assume the following data concerning a purchase of merchandise by NetSolutions on May 2: May 2. Purchased $5,000 of merchandise on account from Delta Data Link, terms 2/10,n/30. 4. Returned $1,000 of the merchandise purchased on May 2. 12. Paid for the purchase of May 2 less the return and discount. PE 6-2A Purchases transactions OBJ. 2 Halibut Company purchased merchandise on account from a supplier for $18,600, terms 2/10,n/30. Halibut Company returned $5,000 of the merchandise and received full credit. a. If Halibut Company pays the invoice within the discount period, what is the amount of cash required for the payment? b. What account is credited by Halibut Company to record the return