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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

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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) On January 6, Pina Colada Co, selts merchandise on account to Pryor Inc. for $ 6,200, terms 2/10, 1/30. On January 16, Pryor Inc. pays the amount due. Prepare the entries on Pina Colada's books to record the sale and related collection. (Omit cost of goods sold entries.) (b) On January 10, Andrew Farley uses his Tamarisk Co. credit card to purchase merchandise from Tamarisk Co.for $9.400, On February 10, Farley is billed for the amount due of $ 9.400. On February 12, Farley pays $ 5,900 on the balance due. On March 10, Farley is billed for the amount due, including interest ot 1% per month on the unpaid balance as of February 12. Prepare the entries on Tamarisk Co's books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries.) No. Date Account Titles and explanation Debit Credit (a) Jan 6.200 6,200 Jan 16 Date Account Titles and Explanation Debit Credit Jan 6 6.200 6,200 Jan 16 Jan 10 Feb 12 Mar 10

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