blem 3 - Saies on Account - 9 Points to out the foumal entry needed to record the following transactions for Lett Company. On August 4, Lett sold merchandise on account to Smiley Comparny for 5610, terms." 7/30 Acerae.salesles410 n August 7, Lett granted Smilly a sales allowance and reduced the cost of the merc \$ $60 because some of the goods were slighty darnaged. Zepurns and sais Disconnt 60 Sened kav Ace zee. August 12. Smiley paid the account in full