Brief Exercise 5-3 Prepare the journal entries to record the following transactions on Blossom 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, Blossom Company sold $889,200 of merchandise to Sunland Company, terms 2/10, n/30. The cost of the merchandise sold was $573,500. (b) On March 6, Sunland Company returned $111,100 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,400. (c) On March 12, Blossom Company received the balance due from Sunland Company. No. Date Account Titles and Explanation Debit Credit (a) (To record sale of merchandise) (b) (To record return of merchandise) (c) March 12