The following transactions are for Sage Hill Company.

On December $3,$ Sage Hill Company sold $$492,700$ of merchandise to Oriole Co$.,$ on account, terms $\frac{3}{10},\frac{n}{30}.$ The cost the merchandise sold was $$312,100.$

On December $8,$ Oriole Co$.$ was granted an allowance of $$23,000$ for merchandise purchased on December $3.$

On December $13,$ Sage Hill Cpmpany received the balance due from Oriole Co$.$