NEWS Translate New lab View Policies Current Attempt in Progress Prepare a tabular summary to record the following transactions on Sandhill Company's books using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. On September 3, Wildhorse Company sold $686,000 of merchandise to Sandhill Company on account, terms 2/10, 1/30. The cost of the merchandise sold was $421,400. On September 6, Sandhill Company returned $88,200 of the merchandise purchased on March 2. The seller's cost of the merchandise returned was $58,800. On September 13. Sandhill Company paid the balance due to Wildhorse Company a. b. C. Question 1 of 14