Question 2 View Policies Current Attempt in Progress The following transactions are for Tamarisk Company. 1. On December 3, Tamarisk Company sold $545,300 of merchandise to Carla Vista Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $327,100. 2. On December 8, Carla Vista Co. was granted an allowance of $25,100 for merchandise purchased on December 3. 3. On December 13, Tamarisk Company received the balance due from Carla Vista Co. (a) (a) Prepare the journal entries to record these transactions on the books of Tamarisk. Tamarisk uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (To record sale of merchandise on account) (To record cost of merchandise sold on account) 2. 3. (b) Assume that Tamarisk Company received the balance due from Carla Vista 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 2