Brief Exercise 5-05 Prepare the journal entries to record the following transactions on Oriole Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) (c) On March 2, Sage Hill Company sold $878,600 of merchandise to Oriole Company on account, terms 3/10, n/30. The cost of the merchandise sold was $562,200. On March 6, Oriole Company returned $118,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,000. On March 12, Sage Hill Company received the balance due from Oriole Company. No. Date Account Titles and Explanation Debit Credit (a) March 2 (b) March 6 (c) March 12 Click if you would like to Show Work for this question: Open Show Work