Prepare the journal entries to record these transactions on Shabani Company’s books using a periodic inventory system.
(a) On March 2, Shabani Company purchased $900,000 of merchandise from Ballas Company, terms 2/10, n/30.
(b) On March 6, Shabani Company returned $110,000 of the merchandise purchased on March 2.
(c) On March 12, Shabani Company paid the balance due to Ballas Company.