The following transactions are for Wildhorse Company. (a) On December 3 Wildhorse Company sold $481,000 of merchandise to Thomson Co., terms 1/10, n/30. The cost of the merchandise sold was $308,000. On December 8 Thomson Co. was granted an allowance of $17,000 for merchandise purchased on December 3. On December 13 Wildhorse Company received the balance due from Thomson Co. Prepare the journal entries to record these transactions on the books of Wildhorse Company.