(b) Your answer is correct. On March 6, Bramble Company returned $ 94,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $ 53,100. (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 for the amounts.) Account Titles and Explanation Debit Credit Sales Returns and Allowances 94000 Accounts Receivable 94000 (To record merchandise returned) Inventory 53100 Cost of Goods Sold 53100 (To record cost of merchandise returned) e Textbook and Media List of Accounts Attempts: 3 of 5 used - Your answer is partially correct On March 12, Cheyenne Corp. received the balance due from Bramble 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 for the amounts.) Account Titles and Explanation Debit Credit Cash 820620 Sales Discounts 25380 Accounts Receivable 846000 e Textbook and Media List of Accounts (a) Your answer is correct. On March 2, Cheyenne Corp. sold $ 940,000 of merchandise on account to Bramble Company, terms 3/10,n/30. The cost of the merchandise sold was $ 531,000. (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 Receivable 940000 Sales Revenue 940000 (To record credit sale) Cost of Goods Sold 531000 Inventory 531000