Question 5 of 27 -/13 The following transactions are for Oriole Company. (1 On December 3 Oriole Company sold $488,000 of merchandise to Thomson Co., terms 1/10, 1/30. The cost of the merchandise sold was $330,000. (2) On December 8 Thomson Co. was granted an allowance of $27,000 for merchandise purchased on December 3. (3) On December 13 Oriole Company received the balance due from Thomson Co. (a) Prepare the journal entries to record these transactions on the DOOKS OT Ordre company. Uriore uses a perpetuarinventory system. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem.) Date Debit Account Titles and Explanation Accounts Receivable Credit Dec. 3 v 488000 488000 Sales Revenue (To record credt sale) Cost of Goods Sold Dec 3 330000 330000 Inventory (To record cost of good sold) Sales Returns and Allowances Jec 8 27000 Accounts Receivable 27000 Dec 13 Cash Sales Discounts Accounts Receivable Save for Later Attempts: 0 of 1 used Submit