1. On December 3, Pina's Company sold $418,000 of merchandise to Sharif Co. terms 2/10,n/30. FOB shipping point. The cost of the merchandise sold was $258,000. On December 8, Sharif Co. was granted an allowance of $20,800 for merchandise purchased on December 3. On December 13, Pina's Company received the balance due from Sharif Co. 2 3. (a) Prepare the journal entries to record these transactions on the books of Pina's Company using a perpetual inventory system (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record receivables) (To record receivables) (To record sales) 1