The following transactions are for Sunland Company. 1. On December 3, Sunland Company sold $580,000 of...

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The following transactions are for Sunland Company. 1. On December 3, Sunland Company sold $580,000 of merchandise to Oriole Co., on account, terms 1/10, n/30. The cost of the merchandise sold was $333,600. 2. On December 8, Oriole Co. was granted an allowance of $34,500 for merchandise purchased on December 3. 3. On December 13, Sunland Company received the balance due from Oriole Co. (a) - Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Sunland Company 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 O for the amounts.) No. Date Account Titles and Explanation Debit Credit The following transactions are for Sunland Company. 1. On December 3, Sunland Company sold $580,000 of merchandise to Oriole Co., on account, terms 1/10, n/30. The cost of the merchandise sold was $333,600. 2. On December 8, Oriole Co. was granted an allowance of $34,500 for merchandise purchased on December 3. 3. On December 13, Sunland Company received the balance due from Oriole Co. (a) - Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Sunland Company 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 O for the amounts.) No. Date Account Titles and Explanation Debit Credit