The following are two independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) No. (a) (b) On January 6, Splish Brothers Co. sells merchandise on account to Pryor Inc. for $5,600, terms 2/10, n/30. On January 16, Pryor Inc. pays the amount due. Prepare the entries on Splish Brothers's books to record the sale and related collection. (Omit cost of goods sold entries.) On January 10, Andrew Farley uses his Novak Co. credit card to purchase merchandise from Novak Co. for $8,500. On February 10, Farley is billed for the amount due of $8,500. On February 12, Farley pays $5,300 on the balance due. On March 10, Farley is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12. Prepare the entries on Novak Co.'s books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries.) Date Jan. 6 + Jan. 16 Jan. 10 + Feb. 10 + Mar. 10 Account Titles and Explanation Debit Credit

The following are two independent situations. (Credit occount titles are automatically indented when omount is entered. Do not indent manually Record journal entries in the onder presented in the problem! (a) On January 6, Splish Brothers Ca. sells merchandise on account to Pryor inc for $5,600, terms 2/10, na30. On January i6. Pryor linc pays the amount due. Prepore the entries on Splish Brotheri's books to record the sale and related collection [Omit cost of goochs sold entries] (b) On January 10, Andrew Farley uses his Novak Co. credit card to purchase merchandise from Novak Co, for $8,500, On February 10, Farley is billed for the amount due of $8,500. On February 12 . Farley pays $5,300 on the bolance due On Pregare the entries on Novak. Co's books related to the transactions that occurred on January 10, February 12 and March 10. (Omit cont of goods soldentries)