Three transactions for Ivanhoe Gifts are presented here.

On October $2,$ Ivanhoe Gifts purchased $$51,500$ of merchandise from Sea Toys, terms $1/10,$ n$/30.$

On October $6,$ Ivanhoe Gifts returned $$2,700$ of the merchandise purchased on October $2.$

On October $12,$ Ivanhoe Gifts paid the balance due to Sea Toys.

a$.$ How much cash is paid by Ivanhoe Gifts on October $12?$

Cash Payment $

b$.$ Post the transactions to the $T-$accounts. $($Post entries in the order displayed in the problem statement.$)$