Question 3 of 10 View Policies 1. Current Attempt in Progress The following transactions are for Metlock Company, 2. 3. -/1 E On December 3, Metlock Company sold $451,100 of merchandise to Ivanhoe Co., on account, terms 1/10, n/30. The cost of the merchandise sold was $315,600. On December 8, Ivanhoe Co. was granted an allowance of $23,300 for merchandise purchased on December 3. On December 13, Metlock Company received the balance due from Ivanhoe Co.

The following transactions are for Metlock Company. 1. On December 3, Metlock Company sold $451,100 of merchandise to Ivanhoe Co, on account, terms 1/10,n/30, The cost of the merchandise sold was $315,600. 2. On December 8 , Ivanhoe Co. was granted an allowance of $23,300 for mercharidise purchased on December 3. 3. On December 13, Metlock Company received the balance due from Ivanhoe Co