Oppenheimer Company purchased merchandise on account from a supplier for $10,500, terms 1/10, n/30. Oppenheimer Company returned $1,400 of the merchandise and received full credit.

a. What is the amount of cash required for the payment within the discount period? $fill in the blank

b. Under a perpetual inventory system, what account is credited by Oppenheimer Company to record the return?

Purchase-Related Iransactions a. What is the amount of cash required for the payment within the discount period? b. Under a perpetual inventory system, what account is credited by Oppenheimer Company to record the return? X