The following transactions are for Oriole Company. 1. 2. 3. On December 3, Oriole Company sold $506,200 of merchandise to Sheffield Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $365,100. On December 8, Sheffield Co. was granted an allowance of $29,900 for merchandise purchased on December 3. On December 13, Oriole Company received the balance due from Sheffield Co.

The following transactions are for Oriole Company. 1. On December 3 , Oriole Company sold $506,200 of merchandise to Sheffield Co, on account, terms 3/10, n/30. The cost of the merchandise sold was $365,100. 2 On December 8 , Sheffield Co. Was granted an allowance of $29,900 for merchandise purchased on December 3 3. On December 13, Oriole Company received the balance due from Sheffield Co