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*Brief Exercise 5-14 Prepare the journal entries to record these transactions on Oriole Company's books using a periodic inventory system. (If no entry is required,

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*Brief Exercise 5-14 Prepare the journal entries to record these transactions on Oriole Company's books using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter o 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) On March 2, Oriole Company purchased $877,000 of merchandise from Ivanhoe Company, terms 3/10, n/30. (b) On March 6, Oriole Company returned $108,700 of the merchandise purchased on March 2. (c) On March 12, Oriole Company paid the balance due to Ivanhoe Company. No. Date Account Titles and Explanation Debit Credit ca) (b)

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