Business, 21.06.2021 16:50 dkb

The following transactions are for Splish Brothers Company. 1. On December 3, Splish Brothers Company sold $515,600 of merchandise to Sunland Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $320,500.
2. On December 8, Sunland Co. was granted an allowance of $24,000 for merchandise purchased on December 3.
3. On December 13, Splish Brothers Company received the balance due from Sunland Co.

Required:
Prepare the journal entries to record these transactions on the books of Splish Brothers.

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The following transactions are for Splish Brothers Company. 1. On December 3, Splish Brothers Compa...

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