Purchases Transactions Barans Company purchased merchandise on account from a supplier for $11,100, terms 1/10, 1/30. Barans returned $2,800 of the merchandise and received full credit a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? If required, round the answer to the nearest dollar b. What account is debited by Barans Company to record the return? Using a perpetual Inventory system, the entry to record the sale of merchandise on account includes a Odebit to Inventory credit to Accounts Receivable Ocredit to Inventory Odebit to Sales