Question 6 of 8 View Policies Show Attempt History Current Attempt in Progress Presented below are transactions related to Sunland Company. 1. 0.45/1 On December 3, Sunland Company sold $654,200 of merchandise on account to Marigold Co., terms 4/10, n/30, FOB destination. Sunland paid $390 for freight charges. The cost of the merchandise sold was $373,500. On December 8, Marigold Co. was granted an allowance of $23,900 for merchandise purchased on December 3. 2. 3. On December 13, Sunland Company received the balance due from Marigold Co. (a) Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Sunland Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Dec. 3 Accounts Receivable Sales Revenue (To record credit calo) Debit Credit 654,200