Three transactions for Sheridan Gifts are presented here. On October 2, Sheridan Gifts purchased $49,000 of merchandise from Sea Toys, terms 1/10,/30. On October 6, Sheridan Gifts returned $2,600 of the merchandise purchased on October 2. On October 12, Sheridan Gifts paid the balance due to Sea Toys. a. How much cash is paid by Sheridan Gifts on October 12 ? Cash Payment b. Post the transactions to the T-accounts. (Post entries in the order displayed in the problem statement.)