Brief Exercise 5-3 Prepare the journal entries to record the following transactions on Ivanhoe Companys 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) On March 2, Ivanhoe Company sold $882,900 of merchandise to Pharoah Company, terms 3/10, n/30. The cost of the merchandise sold was $527,900. (b) On March 6, Pharoah Company returned $107,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,800. (c) On March 12, Ivanhoe Company received the balance due from Pharoah Company. No. Date Account Titles and Explanation Debit Credit (a) choose a transaction date enter an account title to record sale of merchandise enter a debit amount enter a credit amount enter an account title to record sale of merchandise enter a debit amount enter a credit amount (To record sale of merchandise) choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount (b) choose a transaction date enter an account title to record return of merchandise enter a debit amount enter a credit amount enter an account title to record return of merchandise enter a debit amount enter a credit amount (To record return of merchandise) choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount (c) March 12 enter an account title for the journal entry on March 12 enter a debit amount for the journal entry on March 12 enter a credit amount for the journal entry on March 12 enter an account title for the journal entry on March 12 enter a debit amount for the journal entry on March 12 enter a credit amount for the journal entry on March 12 enter an account title for the journal entry on March 12 enter a debit amount for the journal entry on March 12 enter a credit amount for the journal entry on March 12