Brief Exercise 5-5 Prepare the journal entries to record the following transactions on Skysong, Inc.'s books using a perpetual Inventory system. Your answer is partially correct. Try again On March 2, Riverbed Company sold $932,000 of merchandise on account to Sleysong, the terms 3/10, 30. The cost of the marchandise sold was $592,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts.) by Stedy Assume that Blossom Company received the balance due from Spish Coron a ry of the wing year instead of Decamber 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account titles are automatically indented when amount ante . Do not inden manually. If no antry is required, select "No Entry for the accounts and enter for the amounts) Date Account Titles and Explanation