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Purchase-Related Transactions The Wheatland Company purchased merchandise on account from a supplier for $13,800, terms 2/10, n/30. The Wheatland Company returned $1,800 of the merchandise

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Purchase-Related Transactions The Wheatland Company purchased merchandise on account from a supplier for $13,800, terms 2/10, n/30. The Wheatland Company returned $1,800 of the merchandise and received full credit. 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 The Wheatland Company to record the return? Merchandise Inventory Foodback

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