Prepare the journal entries to record these transactions on H. Hunt Company's books using a periodic inventory system.

(a) On March \(2 \mathrm{H}\). Hunt Company purchased \(\$ 900,000\) of merchandise from B. Streisand Company, terms \(2 / 10, n / 30\).

(b) On March 6 H. Hunt Company returned \(\$ 130,000\) of the merchandise purchased on March 2 because it was defective.

(c) On March \(12 \mathrm{H}\). Hunt Company paid the balance due to B. Streisand Company.