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The following are two independent situations. (Credit occount titles are outomoticolly indented when amount is entered. Do not indent manually. Record joumol entries in the

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The following are two independent situations. (Credit occount titles are outomoticolly indented when amount is entered. Do not indent manually. Record joumol entries in the onder presented in the problem. (a) On January 6, Novak Co. sells merchandise on account to Pryor inc for $13,500, terms 2/10, n/30. On January 16 , Pryor Inc pays the amount due. Prepare the entries on Novak's books to record the sale and related collection. (b) On January 10, Andrew Farley uses his Paltrow Co. credit card to purchase merchandise from Paltrow Ca for $16,600, On February 10 , Farley is billed for the arnount due of $16,000. On february 12. Farley pays $8,300 on the balance due. On March 10, Farley is billed for the amount due, including inter est at 4% per month on the unpaid balance as of February 12 . Prepare the entries on Paltrow Coks books related to the transactions that occurred on January 10, February 12 , and March 10

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