Purchase Related Transactions The Stationery Company purchased merchandise on account from supplier for $28,900, terms 1/10, n/30. The Stationery Company returned 56,100 of the merchandise and received full crede. a. Il The Stationery Company Days there within the decount period, what is the amount of cash required for the payment? 22,572 b. Under a perpetuum, what account credited by The Stationery Company to record the return? Purchase-Related Transactions A retailer is considering the purchase of 250 units of a specific item from either of two suppliers. Their offers are as follows: Supplier One: $400 a unit, total of $100,000, 1/10, 1/30, no charge for freight. Supplier Two: $399 a unit, total of $99,750,2/10, n/30, plus freight of $975. Price of Supplier One: Price of Supplier Two: Which of the two offers, Supplier One or Supplier Two, yields the lower price? Purchase-Related Transactions 20,580 The debits and credits from four related transactions are presented in the following T accounts. Cash Accounts Payable (2) 300 (3) 3,920 (1) 16,660 (4) 16,660 Inventory (1) 20,580 (3) 3,920 300 Describe each transaction 3