what is the amount of cash required for the payment within rhe dicount period?

Purchase-Related Transactions The Wheatland Company purchased merchandise on account from a supplier for $18,300, terms 1/10, 1/30, The Wheatland Company returned $2.400 of the merchandise and received full credit. a. What is the amount of cash required for the payment within the discount period? 366 X b. Under a perpetual Inventory system, what account is credited by The Wheatland Company to record the return? Merchandise Inventory The return reduces the amount owed. The discount is taken on the outstanding balance after the return is deducted Under a perpetual item for a return, the buyer reduces both Accounts Payable and Merchandise Inventory