The following transactions are for Solarte Company. (credit account titles are automatically Andented when amount is entered. Do not indent manually, Recordsournal entries in the order presented 1. on December 3, solarte Company sold s470,700 of to Rooney Co., terms 3V10, niso. The cost ofthe merchandise sold was s315800. merchandise on December 8, Rooney Co. granted an alowance for merchandise 3. December 13, solante Company received the balance due from Rooney Co. purchased on December (a) Prepare the journal entries to record these transactions on the books orsolarte company solarte uses a perpetualnventory system. (b) Assume that Solarte Company received the balance due from Rooney Co. on January 2 of the following year instead of December 13, Prepare the journal entry to record the receipt of payment Account Tites and Explanation (o record credit sale) Dec. 13 o I R2000-201z 20bn wleLM sans Au Rights Reserved. A Division of 2shn los. MacBook Air