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Purchases Transactions Nieman Company purchased merchandise on account from a supplier for $5,200, terms 2/10, n/30. Nieman returned $900 of the merchandise and received full

Purchases Transactions

Nieman Company purchased merchandise on account from a supplier for $5,200, terms 2/10, n/30. Nieman returned $900 of the merchandise and received full credit.

a. If Nieman 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 Nieman Company to record the return?

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