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Brief Exercise 5-5 (Part Level Submission) Prepare the journal entries to record the following transactions on Splish Brothers Inc.'s books using a perpetual inventory system.

Brief Exercise 5-5 (Part Level Submission) Prepare the journal entries to record the following transactions on Splish Brothers Inc.'s books using a perpetual inventory system. (a) On March 2, Sheffield Company sold $915,000 of merchandise on account to Splish Brothers Inc., terms 3/10, n/30. The cost of the merchandise sold was $599,000. (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 o for the amounts.) Account Titles and Explanation Debit Credit

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