Current Attempt in Progress The following transactions are for Splish Brothers Company. 1. On December 3, Splish Brothers Company sold $515,600 of merchandise to Sunland Ca, on account, terms 3/10, n/30. The cost of the merchandise sold was $320.500. 2. On December 8. Sunland Ca. was granted an allowance of $24,000 for merchandise purchased on December 3 . 3. On December 13, Splish Brothers Compary received the balance due from Sunland Co. (a) Prepare the joumafentries to record these trarsactions on the books of Splish Brothers. Splish Erothers uses a perpetual inventory system, of no entry is noguired, select "No Enty for the occount vitles ond enter Ofor the omounts: Credit occoumt titles are outomatically indented wher amount is eritered Do not indent momasin?) Prepare the journal entries to record these transactions on the books of Splish Brothers. Splish Brothers uses a perpetual imentory system. (If no entry is required, select "No Entry" for the occount titles and enter Ofar the amounts. Ordit occount titles are outonatically indented when amount is entered. Do not indent monualkJ) 2. Des 8 Y Sales Returns and Allowances Accounts Receivable 3. Dec 13 Cash 5ales Discounts Accounts fieceivable Assume that Splish Brothers Company received the balance due from Sunland Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manuallys