On October 2, Ivanhoe Gifts purchased $51,500 of merchandise from Sea Toys, terms 1/10, n/30 On October 6, Ivanhoe Gifts returned $2.700 of the merchandise purchased on October 2 On October 12, Ivanhoe Gifts paid the balance due to Sea Toys. a. How much cash is paid by Ivanhoe Gifts on October 12? b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.) Accounts Payable Cash Payment $ SHE Inventory MacBook Air 96 80 3 27 & R T Y 56 25 54 93 02 W D F G 8 #0 I B 69 J K N M