Prepare journal entries for the transactions of Sasina Company, and determine the total amount received from Borsa Company:

Mar. 1 Sold merchandise on credit to Borsa Company, terms 2/10, n/30, FOB shipping point, $500.

Mar. 3 Accepted a return from Borsa Company for full credit, $200.
10 Received payment from Borsa Company for the sale, less the return and discount.
11 Sold merchandise on credit to Borsa Company, terms 2/10, n/30, FOB shipping point, $800.
31 Received payment from Borsa Company for the sale of March 11.
Purchases Involving Discounts: Perpetual Inventory System