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Three transactions for Crane Gifts are presented here. On October 2, Crane Gifts purchased $36,000 of merchandise from Sea Toys, terms 2/10,n/30. On October 6

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Three transactions for Crane Gifts are presented here. On October 2, Crane Gifts purchased $36,000 of merchandise from Sea Toys, terms 2/10,n/30. On October 6 , Crane Gifts returned $2,100 of the merchandise purchased on October 2. On October 12 , Crane Gifts paid the balance due to Sea Toys. a. How much cash is paid by Crane Gifts on October 12? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.) a. How much cash is paid by Crane Gifts on October 12 ? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.)

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