The following transactions are for Carla Vista Company. (1) On December 3 Carla Vista Company sold $527,000 of merchandise to Thomson Co., terms 1/10, n/30. The cost of the merchandise sold was $311,000. (2) On December 8 Thomson Co. was granted an allowance of $27,000 for merchandise purchased on December 3. (3) On December 13 Carla Vista Company received the balance due from Thomson Co. (b) Assume that Carla Vista Company received the balance due from Thomson Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 2 Debit Credit