eBook Purchases Transactions Show Me How Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchandise with an invoice amount of $8,000 and received full credit. a. If Elkhorn Company pays the invoice within the discount period, what is the amount of cash required for the payment b. What acc Accounting numeric field in Company to record the return? Accounts Payable-Springhill Company Accounts Receivable Cash Merchandise Inventory: Purchases Sales Sales Returns and Allowances