Account Titles and Explanation Debit Credit Accounts Receivable 492.700 Sales Revenue 492.700 (To record credit sale) Cost of Goods Sold 312.100 Inventory 312.100 (To record cost of merchandise sold) Sales Returns and Allowances 23,000 Accounts Receivable 23,000 Cash Sales Discounts Accounts Receivable 469.700 Ivanhoe Company received the balance due from Oriole Co. on January 2 of the following year instead of December 13. Prepare the Journal Ch. Homework Assignment + om/courses/37115/assignments/3933165 o CT 200-901 Assignments > Ch 5: Homework Assignment (GRADED) Ch 5: Homework Assignment (GRADED) Send to Gradebook Question 4 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct The following transactions are for the Company 1 On December 3. Ivanhoe Company sold $492.700 of merchandise to Or o 3/10.13. The cost of the merchandises 2 On December 8, Oriole Co. was granted an allowance of $23.000 for merchandise purchased on December 3. On December 13. Ivanhoe Company received the balance due from Oriola Company to Companys perpen be one omically indeed wha tory system t Prepare the journal entries to record these transactions on the books of entry required, select "No Entry for the accountries and enter for the amounts natindent manually Debit No. Date Account Tities and Explanation MacBook Air w / E / R 11 IYU TOP 's 10 FIGHT