The following transactions are for Ivanhoe Company. 1. 2. 3. On December 3, Ivanhoe Company sold $662,200 of merchandise to Bridgeport Co., on account, terms 2/10, n/30, FOB destination. Ivanhoe paid $350 for freight charges. The cost of the merchandise sold was $351,200. On December 8, Bridgeport Co. was granted an allowance of $26.200 for merchandise purchased on December 3.. On December 13, Ivanhoe Company received the balance due from Bridgeport Co