Presented below are transactions related to Oriole Company.

1.		On December 3, Oriole Company sold $585,800 of merchandise on account to Cheyenne Co., terms 2/10, n/30, FOB destination. Oriole paid $360 for freight charges. The cost of the merchandise sold was $382,700.
2.		On December 8, Cheyenne Co. was granted an allowance of $26,600 for merchandise purchased on December 3.
3.		On December 13, Oriole Company received the balance due from Cheyenne Co.

a. Prepare the journal entries to record these transactions on the books of Oriole Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

b. Assume that Oriole Company received the balance due from Cheyenne 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.)