The following transactions are for Wildhorse Company. 1. On December 3, Wildhorse Company sold $523,600 of merchandise to Ayayai Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $363,200. On December 8, Ayayai Co. was granted an allowance of $34,300 for merchandise purchased on December 3. On December 13, Wildhorse Company received the balance due from Ayayai Co. 2. 3. (a) Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Wildhorse Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Dec. 3 Accounts Receivable 600800 Sales Revenue 600800 (To record credit sale) Dec. 3 Cost of Goods Sold 353300 Inventory 353300 (To record cost of merchandise sold) Dec. 8 Sales Returns and Allowances Accounts Receivable Dec. 13 Cash 588784 Accounts Receivable 588784