Question 1 of 7 > View Policies Current Attempt In Progress -15 1 The following merchandise transactions occurred in December. Both companies use a perpetual Inventory system. Dec. 3 Pina Colada Ltd, sold goods to Flint Corp. for $62,200, terman/15, FOB shipping point. The Inventory had cost Pina Colada $33,000. Pina Colada's management expected a return rate of 3% based on prior experience 7 Shipping costs of $840 were paid by the appropriate company 8 Flint returned unwanted merchandise to Pina Colada. The returned merchandise has a salsa price of $1,920, and a cost of $1,040. It was restored to Inventory. 11 Pina Colada received the balance due from Flint (a) Record the above transactions in the books of Pina Colada (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to the nearest whole dollar, eg. 5,275.) Date Dec 3 Dec. 7 Dec Dec 11 Dec 11 Dec 11 Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) Accounts Receivable Sale Returns and Allowances (To record return of goods) (To record cost of merchandise returned) eTextbook and Media Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date Auto- submission can take up to 10 minutes. {b} Debit 62200 540 1933 1920 Cred Attempts: 0 of 3 used Submit Ar The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.