Purchases Transactions Barans Company purchased merchandise on account from Springhil Company for $13,100, terms 2/10, 1/30. Barans returned merchandise with an invoice amount of $3.300 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 3.250 X b. What account is debited by Barans Company to record the return? Accounts Payable-Springhill Company (a) Sinon buyers normally take a purchase discounts, the net purchase price is recorded at the time of purchase the buyer makes a ham of merchandise or granted for an invicem a purchase discount, the amount of the retumis recorded at the invoice price less the discount (b) Any counts or retums are recorded directly by the buyer who reduces the balances of Accounts Payable and Merchandise or using a memb ed on the merchandise cost of the