Three transactions for Cullumber Gifts are presented here. On October 2, Cullumber Gifts purchased $46,000 of merchandise from Sea Toys, terms 2//10,n//30. On October 6, Cullumber Gifts returned $2,400 of the merchandise purchased on October 2 . On October 12 , Cullumber Gifts paid the balance due to Sea Toys. a. How much cash is paid by Cullumber Gifts on October 12? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.) Accounts Payable