Presented below are transactions related to Whispering Winds Corp.. 1. On December 3, Whispering Winds Corp. sold $647,000 of merchandise on account to Martinez Co., terms 3/10, n/30, FOB shipping point. The cost of the merchandise sold was $372,800. 2. On December 8, Martinez Co. was granted an allowance of $22,000 for merchandise purchased on December 3. 3. On December 13, Whispering Winds Corp. received the balance due from Martinez Co. Partially correct answer. Your answer is partially correct. Try again. Prepare the journal entries to record these transactions on the books of Whispering Winds Corp. using a perpetual inventory system