Brief Exercise 5-4 Prepare the journal entries to record the following transactions on Skysong, Inc.'s books using a perpetual inventory system On March 2, Skysong, Inc. sold $929,000 of merchandise on account to Riverbed Company, terms 4/10, n/30. The cost of the merchandise sold was $558,000. (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 0 for the amounts.) Account Titles and Explanation Debit Credit To record credit sale) To record cost of merchandise sold) SHOW LIST OF ACCOUNTS On March 6, Riverbed Company returned $92,900 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,800. (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 0 for the amounts.) Account Titles and Explanation Debit Credit