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The Stationery Company purchased merchandise on account from a supplier for 59,700 , terms 2/10, n/30. The 5 tationery Company returned merchandise with an invoice

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The Stationery Company purchased merchandise on account from a supplier for 59,700 , terms 2/10, n/30. The 5 tationery Company returned merchandise with an invoice amount of $1,300 and recelved full credit. a. If The Stationery Company pays the invoice within the discount period, what is the amount of cash required for the payment? b. Under a perpetual inventory system, what account is credited by The Stationery Compainy to record the return

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