Three transactions for Ivanhoe Gifts are presented here.

On October $2,$ Ivanhoe Gifts purchased $$53,500$ of merchandise from Sea Toys, terms $\frac{2}{10},\frac{n}{30}.$

On October $6,$ Ivanhoe Gifts returned $$2,300$ 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.$)$

$\backslash$table$[[$Accounts Payable$],[$Oct$.6$hat$(),2300,$Oct. $2,53500],[$Oct$.12,51200,,],[,,$Bal. $,,]]$

$\backslash$table$[[$Inventory$],[$Oct$.2,53500,$Oct. $6,],[,,$Oct. $12,],[$Bal$.,$hat$(),,,]]$

Attempts: $4$ of $5$ used