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1 1 5 5 . 4 ( LO 3 ) Prepare the joernal entries to record the folkowing transactions on Novy Company's bochis a .

1155.4(LO 3) Prepare the joernal entries to record the folkowing transactions on Novy Company's bochis
a. Ce March 2, Nowy Company sold $900,000 of merchandise on accoint to Ops Company, lerms 210,n30. The cost of the merchandise sold was $590,000.
h. On March 6, Opp Company returned 590,000 of the mertandise purchased on March 2. The cost of the returned merthandise was $62.000.
c. On March 12. Neny Company rectived the balance due from Ops Company.
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