Journalize the following transactions for Rivera Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. March 5 Sold goods costing $5,100 to Kelly Company on account, $8,500, terms 3/10, n/30 March 11 Kelly Company was granted an allowance of $1,700 for returned merchandise that was previously purchased on account. The returned goods are in perfect condition. March 16 Received the amount due from Kelly Company. Account Title Debit Credit Clear Undo Help