On January 6, Ivanhoe Co. sells merchandise on account to Harley Inc. for $10,700, terms 3/10, n/30. On January 16 , Harley pays the amount due. Prepare the entries on Ivanhoe Co.'s books to record the sale and related collection. (Omit cost of goods sold entries.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)