Ejercicio E4-3 E4-3 Purchase-related transaction Burr Company purchased merchandise on account from a supplier for $18,000, terms 2/10, /30. Burr Company returned $3,000 of the merchandise before payment was made and received full credit. a. If Burr Company pays the invoice within the discount period, what is the amount of cash required for the payment? b. What account is decreased by Burr Company to record the return? Ejercicio de Prctica E4-8 Sales-related transactions, including the use of credit cards Illustrate the effects on the accounts and financial statements of recording the followin transactions: a. Sold merchandise for cash, $62,500. The cost of the goods sold was $30,000. b. Sold merchandise on account, $27,800. The cost of the goods sold was $16,000. c. Sold merchandise to customers who used MasterCard and VISA, $287,500. The cost of t merchandise sold was $170,000. Ejercicio de Prctica E4-9 Sales-related transactions After the amount due on a sale of $16,000, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $10,000. (a) What is the amount of the refund owed to the customer? (b) Illustrate the effects on the accounts and financial statements of the return and the refund.