Purchase-related transactions The Stationery Company purchased merchandise on account from a supplier for $14,500, terms 2/10, n/30. The Stationery Company returned merchandise with an invoice amount of $3,500 and received full credit. a. What is the amount of cash required for the payment? b. Under a perpetual inventory system, what account is credited by The Stationery Company to record the return?

Presented below are transactions related to Bramble, Inc. May 10 (a) 11 19 24 Purchased goods billed at $15,200 subject to cash discount terms of 2/10, n/60. Purchased goods billed at $11,800 subject to terms of 1/15, n/30. Paid invoice of May 10. Purchased goods billed at $12,300 subject to cash discount terms of 2/10, n/30. Prepare general journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)

From the general​ journal, record to the accounts receivable subsidiary ledger and post to the general ledger accounts as appropriate.   Record to the accounts receivable subsidiary ledger. Use transaction dates as posting references.   Accounts Receivable Subsidiary Ledger   Henry Co.                                                     Lincoln Co.                                   Now post to the partial general ledger. Use transaction dates as posting references.   Partial General Ledger   Accounts Receivable 112                                                     Merchandise Inventory 142                                                     Sales 411                                                     Cost of Goods Sold 505

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