Exercise 5-5 Presented below are transactions related to Bogner Company 1. On December 3, Bogner Company sold $611,600 of merchandise to Maris Co., terms 3/10, 1/30, FOB shipping point The cost of the merchandise sold was $360,900. 2. On December 8, Maris Co. was granted an allowance of $26,900 for merchandise purchased on December 3. 3. On December 13, Bogner Company received the balance due from Maris Co. Prepare the journal entries to record these transactions on the books of Bogner Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit No. Date 1. Dec. 3 C C (To record credit sale) CCC CCC To record cost of merchandise sold) 2. Dec. 8 C UUU UU C C C 3. Dec. 13 SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that Bogner Company received the balance due from Maris Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 20C C