Question 4 View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company. 1. On December 3, Ivanhoe Company sold $492,700 of merchandise to Oriole Co, terms 3/10, n/30. The cost of the merchandise sold was $312,100. 2. On December 8, Oriole Co. was granted an allowance of $23,000 for merchandise purchased on December 3. 3. On December 13, Ivanhoe Company received the balance due from Oriole Co. Prepare the journal entries to record these transactions on the books of Ivanhoe Company. Ivanhoe Company uses a perpetual inventory system. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit accountities are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation