On October 2, Sheridan Gifts purchased $49,000 of merchandise from Sea Toys, terms 2/10,n/30. On October 6, Sheridan Gifts returned $2,900 of the merchandise purchased on October 2. On October 12 , Sheridan Gifts paid the balance due to Sea Toys. a. How much cash is paid by Sheridan Gifts on October 12 ? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement)