Presented below are transactions related to Whispering Winds Corp..

On December $3,$ Whispering Winds Corp. sold $$647,000$ of merchandise on account to Martinez Co$.,$ terms $\frac{3}{10},\frac{n}{30},$ FOB shipping point. The cost of the merchandise sold was $$372,800.$

On December $8,$ Martinez Co$.$ was granted an allowance of $$22,000$ for merchandise purchased on December $3.$

On December $13,$ Whispering Winds Corp. received the balance due from Martinez Co$.$

$($a$)$ and enter $O$ for the amounts.$)$

No$.$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$($To record credit sale$)$

$$

$$

$$

$$

$$

$$

$$

$($To record cost of merchandise sold$)$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

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