On April 6, Year 1, Home Furnishings purchased $25,200 of merchandise from Una Imports, terms 2/10 n/45. On April 8, Home returned $2,400 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15, Year 1.

What is the balance in the Accounts Payable account after the purchase, return, discount and payment have been recorded?

What is the balance in the Inventory account after the purchase, return, discount and payment transactions have been recorded?