On January 6, Oriole Co. sells merchandise on account to Harley Inc. for $ 9,700, terms 1/10, n/30. On January 16, Harley pays the amount due.

Prepare the entries on Oriole Co.’s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)