1.

A. On March 2, Grouper Company sold $958,000 of merchandise on account to Sunland Company, terms 3/10, n/30. The cost of the merchandise sold was $543,000

B. On March 6, Sunland Company returned $95,800 of the merchandise purchased on March 2. The cost of the returned merchandise was $54,300.

C.

Question 2 of 5 0.57 / 1 (c) Your answer is partially correct. On March 12, Grouper Company received the balance due from Sunland Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable Inventory e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit