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TALVI Pais on June 10 cost McGiver $5,000, and the goods returned cost McGiver $310, ES.S (LO3), AP The following transactions are for Alonzo Company.

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TALVI Pais on June 10 cost McGiver $5,000, and the goods returned cost McGiver $310, ES.S (LO3), AP The following transactions are for Alonzo Company. 1. On December 3, Alonzo Company sold $500,000 of merchandise to Arte Co., on account, terms 1/10, n/30. The cost of the merchandise sold was $330,000 2. On December 8, Arte Co. was granted an allowance of $25,000 for merchandise purchased on December 3. 3. On December 13, Alonzo Company received the balance due from Arte Co. Instructions SERVER 126% E5-1 E5-3 15-9 E5-11 E5-5 (a) Entries on the accounts of Alonto General Journal Account Titles Date Debit Credit 12/3/20 Revenue 12/3/20 COGS en 12/8/20 Complete 12/13/20 Cash Sales Discounts Accounts Receivable (b) entry if cash would have been received Janury 2 1/2/21 Cash 17 MacBo

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