How much cash is paid by sheridan gifts

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Reference no: EM133661670

Question: Three transactions for Sheridan Gifts are presented here. On October 2 , Sheridan Gifts purchased $49,000 of merchandise from Sea Toys, terms 2/10,n/30. On October 6 , Sheridan Gifts returned $2,900 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 disployed in the problem stotement). Accounts Payable Inventory Oct. 6 2600 Oct. 12v Sive for Later Attempts: 1 of 3 used

Reference no: EM133661670

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