Presented below are transactions related to Wildhorse Company. 1. On December 3, Wildhorse Company sold $593,600 of merchandise an account to Ayayal Co., Darms 4/10, 2. On December 8. Ayeyal Cos granted alonce of $29,100 for merchandise purchased on December 3. On December 13, Wildhorse Company received the balance due from Ayayal Co. 30, FOB shipping point. The cost of the merchandise sold was $383,200 Prepare the journal entries to record these transactions on the books of Wildhorse Company using a perpetual Inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent Account Titles and Explanation No. 1 Date Dec Sales Revenue To record credit ale) Dec 3 Inventory (To record cost of merchandise sold) Dec 13 SHOW LIST OF ACCOUNTS Assume that wildhorse Company received the balance due from Ayayal 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 an avtomatically indented when amount is entered. De netindent manually. If ne entry is required select "Ne Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit