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help me please Sales Revenue (To record sale of merchandise on account) March 2 Cost of Goods Sold 537,700 Inventory 537,700 (To record cost of

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Sales Revenue (To record sale of merchandise on account) March 2 Cost of Goods Sold 537,700 Inventory 537,700 (To record cost of goods sold) Sales Returns and Allowances 103,700 Accounts Receivable (To record retum of merchandise) March 6 Accounts Receivable Cash 103,000 Prepare the journal entries to record the following transactions on Sandhill Compary's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries the order presented in the problem. List all debit entries before credit entries.) (a) On March 2, Sandhill Company sold $851,800 of merchandise to Teal Mountain Company on account, terms 3/10,n/30. The cost of the merchandise sold was $537,700. (b) - On March 6, Teal Mountain Company returned $103,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,000. (c) On March 12, Sandhill Company received the balance due from Teal Mountain Company. (To record retum of merchandise) March 6 Accounts Receivable Cash 103,000 (To record cost of goods returned) March 12 Sales Discounts Cash Accounts Receivable 103,000

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