Purchase-related transaction Shepherd Company purchased merchandise on account from a supplier for $9,000, terms 2/10, n /30, Shepherd Company returned 51,500 of the merchand se before payment was made and recelved full credit. a. If Shepherd Compary pays the invoice within the discount perlod; what is the amount of cash required for the payment? b. Which accounts are decreased by shepherd Company to record the return Tocetbirin Torack men a. The return reduces the amount owed. The discount is calculated on the outstanding balance after the return credit. b. Under a perpetual syitem for a return, the buyer reduces the balance of both Accounti Payable and inventory Purchase-related transaction Shepherd Company purchased merchandise on account from a supplier for $9,000, terms 2/10, n /30, Shepherd Company returned 51,500 of the merchand se before payment was made and recelved full credit. a. If Shepherd Compary pays the invoice within the discount perlod; what is the amount of cash required for the payment? b. Which accounts are decreased by shepherd Company to record the return Tocetbirin Torack men a. The return reduces the amount owed. The discount is calculated on the outstanding balance after the return credit. b. Under a perpetual syitem for a return, the buyer reduces the balance of both Accounti Payable and inventory