Prepare the journal entries to record these transactions

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Reference no: EM133433701

Question: On December 3, Carla Vista Company sold $548.600 of merchandise to Metlock Co. on account. terms 1/10. n/30. The co of the merchandise sold was $347.900 On December 8, Metlock Co. was granted an allowance of $33.200 for merchandise purchased on December 3 On December 13, Carla Vista Company received the balance due from Metlock Co. (a) Prepare the journal entries to record these transactions on the books of Carla Vista Company using a perpetual inventory system.

Reference no: EM133433701

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