Exercise 5-05 a-b (Part Level Submission)

Presented below are transactions related to Blue Spruce Corp..

1.		On December 3, Blue Spruce Corp. sold $593,100 of merchandise on account to Whispering Winds Co., terms 2/10, n/30, FOB shipping point. The cost of the merchandise sold was $386,700.
2.		On December 8, Whispering Winds Co. was granted an allowance of $28,400 for merchandise purchased on December 3.
3.		On December 13, Blue Spruce Corp. received the balance due from Whispering Winds Co.

Prepare the journal entries to record these transactions on the books of Blue Spruce Corp. using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)