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(a) On March 2, Oriole Company sold $878,600 of merchandise to Ivanhoe Company, terms 3/10, n/30. The cost of the merchandise sold was s562,200. (b)

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(a) On March 2, Oriole Company sold $878,600 of merchandise to Ivanhoe Company, terms 3/10, n/30. The cost of the merchandise sold was s562,200. (b) On March 6, Ivanhoe Company returned $118,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,000 (c) On March 12, Oriole Company received the balance due from Ivanhoe Company. No. Date Account Titles and Explanation (a) i Debit Credit (To record sale of merchandise) (b) I (To record return of merchandise) (c) March 12

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