On October 2, Crane Gifts purchased $36,000 of merchandise from Sea Toys, terms 2/10, n/30. On October 6, Crane Gifts returned $2,100 of the merchandise purchased on October 2. On October 12, Crane Gifts paid the balance due to Sea Toys. a. How much cash is paid by Crane Gifts on October 12? Cash Payment $ b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.) Oct. 2 Accounts Payable Inventory

On October 2, Crane Gifts purchased $36,000 of merchandise from Sea Toys, terms 2/10,n/30. On October 6, Crane Gifts returned $2,100 of the merchandise purchased on October 2 . On October 12 , Crane Gifts paid the balance due to Sea Toys. a. How much cash is paid by Crane Gifts on October 12 ? Cash Payment \$ b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.)