The following transactions are for Oriole Company. 1. On December 3 , Oriole Company sold $515,800 of merchandise to Skysong Co, on account, terms 1/10,n/30. The cost of merchandise sold was $362,700. 2. On December 8 , Skysons Co. was granted an allowance of $31,600 for merchandise purchased on December 3 . 3. On December 13, Oriole Company recelved the balance due from Skysong Co