Brief Exercise 5-s Prepare the journal entries to record the following transactions on Oniole Company's books using a perpetual inventory system On March 2, Blue Spruce Company sold $997,000 of merchandise on account to Oriole Company, terms 3/10, 30. The cost of the merchandise sold was $553,000. (Credit account titles are automatically indented when amount is enteved. Den inden man n try is required select "We try for the accounts and enter for the amous.) Account Titles and operation On March 6, Orole Company returned $3,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,300. (Credit accountities are automatically indented when amounts entered. Do not Andent mansally. If not required ct No Entry for he countries and enter for the TOTE Account Tries and Explanation On March 12, Nue Souce Company received the balance due from Oriol Company Crescents Entry for the ant es meter for the amounts are automatically intended when a neved. Do not inden many natry requires Account Thies and Explanation Credit