Rolfes Company purchased merchandise on account from a supplier for $8,800, terms 2/10,n/30. Rolfes Company returned $1,500 of the merchandise and received full credit. a. If Rolfes Company pays the invoice within the discount period, what is the amount of cash required for the payment? $ b. What account is credited by Rolfes Company to record the return? Accounts Payable Accounts Receivable Cash Delivery Expense Merchandise Inventory Purchases Sales a. Sold merchandise on account, $16,750 with terms 2/10,n/30. The cost of the merchandise sold was $10,050. If an amount box does not require an entry, leave it blank. Sale Cost b. Received payment less the discount. If an amount box does not require an entry, leave it blank. c. Issued a $850 credit memo for damaged merchandise. The customer agreed to keep the merchandise. If an amount box does not require an entry, leave it blank. Oct. 30 Accounts Payable Cash Cost of Merchandise Sold Merchandise Inventory Purchases Discounts