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Question 6 of 8 < View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company. 1. -/1 = On December 3,
Question 6 of 8 < View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company. 1. -/1 = On December 3, Ivanhoe Company sold $600,800 of merchandise to Tamarisk Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $353,300. 2. On December 8, Tamarisk Co. was granted an allowance of $34,200 for merchandise purchased on December 3, 3. On December 13, Ivanhoe Company received the balance due from Tamarisk Co. (a) Prepare the journal entries to record these transactions on the books of Ivanhoe Company using a perpetual inventory system. (Credit account titles are automatically indented when 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.) No. Date Account Titles and Explanation 1. (To record credit sale) Debit Credi
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