Question 3 of 5

Question 3 of 5 View Policies Current Attempt in Progress Presented below are transactions related to Ivanhoe Company. -11 I. 2. 3. On December 3, Ivanhoe Company sold $662,200 of merchandise on account to Bridgeport Co., terms 4/10, n/30, FOB destination. Ivanhoe paid $350 for freight charges. The cost of the merchandise sold was $351,200. On December 8, Bridgeport Co. was granted an allowance of $26,600 for merchandise purchased on December 3. On December 13. Ivanhoe Company received the balance due from Bridgeport Co. Prepare the journal entries to record these transactions on the books of Ivanhoe Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered Do not indent manually.) Credi No. Debit Account Titles and Explanation Date