(a) (b) (c) On March 2, Teal Mountain Company sold $887,400 of merchandise to Sandhill Company on account, terms 2/10, n/30. The cost of the merchandise sold was $571,700. On March 6, Sandhill Company returned $103,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $62,500. On March 12, Teal Mountain Company received the balance due from Sandhill Company. Date Account Titles and Explanation March 2 Accounts Receivable Sales Revenue March 6 Cost of Goods Sold Inventory March 12 Cash Debit 887400 62500 768516 Credit 887400 571700