Seaech Shave More Exercise 5-3 The following transactions are for Oriole Company . On December 3, Oriole Company sold $492,200 of merchandise to Cullumber Co., terms 2/10, n/30. The cost of the merchandise sold was $325,100 2. On December s, Cullumber Co. was granted an allowance of $22.900 for merchandise purchased on December 3 3. On December 13, Oriale Company received the balance due from Cullumber Co. Prepare the journal entries to record these transactions on the books of Oriale Company. Oriole Company uses a perpetual inventory system. (If no entry is Entry for the account titles and enter D for the automatically indented when amount is entered. Do not ind amounts. Credit account titles are Debit To record crede sale) To recond cost of merchandise sok 3. Dec. 13