View Policies Current Attempt in Progress The following are two independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On January 6, Kingbird Co. sells merchandise on account to Pryor Inc. for $8,300. terms 2/10, n/30. On January 16, Pryor Inc. pays the amount due. Prepare the entries on Kingbird's books to record the sale and related collection. (Omit cost of goods sold entries.) [b) On January 10. Andrew Farley uses his Blue Spruce Co. credit card to purchase merchandise from Blue Spruce Co. for $9,300. On February 10, Farley is billed for the amount due of $9,300. On February 12, Farley pays $5,500 on the balance due On March 10, Farley is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12. Prepare the entries on Blue Spruce Co's books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries.) Date Account Titles and Explanation Debit Credit Jan. 6 V Accounts Receivable 8300 Sales Revenue 8300 Jan. 16 Cash 8217 Sales Discounts 83 Accounts Receivable 8300 V V V Save for Later Attempts: 0 of 1 used Submit Ansummer