Knowledge Check Three transactions for Carla Vista Gifts are presented here. On October 2, Carla Vista Gifts purchased $54,000 of merchandiscurom Sea Toys, terms 2/10,n/30. On October 6, Carla Vista Gifts returned $2,900 of the merchandise purchased on October 2. On October 12, Carla Vista Gifts paid the balance due to Sea Toys. a. How much cash is paid by Carla Vista Gifts on October 12 ? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement)