Record the following transactions for Lett Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1 On August 4, Lett sold merchandise on account to Smiley Company for $610, terms 2/10,n/30. On August 7. Lett granted Smiley a sales allowance and reduced the cost of the merchandise by $60 because some of the goods were slightly damaged. 3. On August 12, Smiley paid the account in full. 2. No. Account Titles and Explanation Debit Credit 1. 2. 3