IS Weygandt, Financial & Managerial Accounting, 2e Brief Exercise 5-5 Prepare the journal entries to record the following transactions on Sensat Company's books using a On March 2, Kwang Company soid $832,000 of merchandise to Sensat Company, terms 2/10, /30. The cost of the merchandise sold was $603,000. (Cred for the account titles and enter 0 for th indented when amount is entered. Do not indent manually. If no entry is required, select-No Entry- Account Tities and Explanation On Merch 6, Sensat Company returned $83,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $60,300. (Credit aceo when amount is entered. Do not indent manually. If no entry as required, select "No Entry-for the account titles and enter 0 for the amount Account Tities and Explanation Or ACCOUNTS O, March 12, Sesat paid the balance de to Kwang Compamy, (Oedit account 1les are automatically indented when amount is entered. Do not select "No Entry for the account titles and enter & for the amounts. Account Titles and Explanation Study 3 5 6 8 9