On October 2, 2025, Ivanhoe Company sold $6,520 of its elite camping gear (with a cost of $3,240) to Metlock Outfitters. As part of the sales agreement, Ivanhoe includes a provision that if Metlock is dissatisfied with the product, Ivanhoe will grant an allowance on the sales price or agree to take the product back (although returns are rare, given the long-term relationship between Ivanhoe and Metlock). Metlock expects total allowances to Metlock to be $800. On October 16, 2025, Ivanhoe grants an allowance of $390 to Metlock because the color for some of the items delivered was a bit different than what appeared in the catalog. (a) Prepare journal entries for Ivanhoe to record (1) the sale on October 2, 2025, (2) the granting of the allowance on October 16, 2025, and, (3) any adjusting required on October 31, 2025 (when Ivanhoe prepares financial statements). Ivanhoe now estimates additional allowances of $240 will be granted to Metlock in the future. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) No (1) Date Account Titles and Explanation (To record sales on account) (2) (To record cost of goods sold) (3) (To record allowance) Debit Ci