Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Purchases Transactions Xanadu Company purchased merchandise on account from a supplier for $10,600, terms 1/10,n/30. Xanadu Company returned $2,200 of the merchandise and received full credit. a. If Xanadu Company pays the invoice within the discount period, what is the amount of cash required for the payment? $ b. What account is credited by Xanadu Company to record the return? Transactions for Buyer and Seller Grayson Co. sold merchandise to Vargas Co. on account, $155,100, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $93,060. Grayson Co. paid freight of $2,000. Assume that all discounts are taken. Journalize Grayson Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it Journalize Vargas Co.'s entries for (a) sale, and (b) payment of amount due. If an amount box does not require an entry, leave it blank. (a) (b) House of Clean Company's perpetual inventory records indicate that $212,040 of merchandise should be on hand on October 30 , 20Y1. The physical inventory indicates that $195,080 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for House of Clean Company for the year ended October 30,20Y1. Assume that the inventory shrinkage is a normal amount. If an amount box does not require an entry, leave it blank