Suppose Piranha.com sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10 to The Textbook Store. Several books were slightly damaged in shipment, so Piranha.com granted a sales allowance of $1,000 to The Textbook Store on October 13. On October 25, The Textbook Store paid the balance due. (Assume both companies use a perpetual inventory system.) Read the requirements. vale AccountLS Debil Oct. 13 Accounts Payable-Piranha.com Merchandise Inventory Credit Requirements 1,000 1,000 1. Journalize The Textbook Store's October transactions. Oct. 25: The Textbook Store paid the balance due. Record the transaction on the books of The Textbo Date Accounts Debit Credit Oct. 25 Accounts Payable-Piranha.com 58,500 Cash 58,500 2. Journalize Piranha.com's October transactions. The company estimates sales returns at the end of each month. Print Done Requirement 2. Journalize Piranha.com's October transactions. The company estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries.) Oct. 10: Piranha.com sells 3,500 books on account for $17 each (cost of these books is $35,700) to The Textbook Store. Record the transaction on the books of Piranha.com. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Oct. 10 Accounts Debit Credit