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Page 1 of 3 Next Subrnit Quiz purchased merchandise on account from Planet Company for $56,000 with terms 1/15, net 45. Global Company returned $6,000

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Page 1 of 3 Next Subrnit Quiz purchased merchandise on account from Planet Company for $56,000 with terms 1/15, net 45. Global Company returned $6,000 of the merchandise and received full credt from Planet Company Which of the following will be included in the jounal entry for the payment (assurne that the amount due was paid within the discount period)? o a Debit to Purchases, $56,000 o b. Credit to Cash, $55,440 O c. Credit to Cash, $49,500 d. Debit to Accounts Payable, $56,000

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