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2. 3. (To record sale of merchandise on account) (To record cost of merchandise sold) Current Attempt in Progress The following transactions are for
2. 3. (To record sale of merchandise on account) (To record cost of merchandise sold) Current Attempt in Progress The following transactions are for Tamarisk Company. 1. On December 3, Tamarisk Company sold $461,100 of merchandise to Carla Vista Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $327,900. 2. On December 8, Carla Vista Co. was granted an allowance of $25,300 for merchandise purchased on December 3. 3. On December 13, Tamarisk Company received the balance due from Carla Vista Co. Prepare the journal entries to record these transactions on the books of Tamarisk Company. Tamarisk uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date No. 1. 2. Account Titles and Explanation (To record sale of merchandise on account) (To record cost of merchandise sold) Debit Cred
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