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Please explain how to solve The following transactions are for Carla Vista Company. 1. On December 3, Carla Vista Company sold $622,200 of merchandise to

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The following transactions are for Carla Vista Company. 1. On December 3, Carla Vista Company sold $622,200 of merchandise to Flint Co., on account, terms 2/10,n/30,FOB destination. Carla Vista paid $330 for freight charges. The cost of the merchandise sold was $372,100. 2. On December 8 , Flint Co. was granted an allowance of $20,200 for merchandise purchased on December 3. 3. On December 13, Carla Vista Company received the balance due from Flint Co. Prepare the journal entries to record these transactions on the books of Carla Vista Company using a perpetual inventorv svstem (Lii: me Assume that Carla Vista Company received the balance due from Flint 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 titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter of for the amounts.)

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