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no entry is required, select No Entry for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount
no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) (c) On March 2, Metlock Company sold $882,900 of merchandise to Ivanhoe Company on account, terms 3/10, n/30. The cost of the merchandise sold was $527,900. On March 6, Ivanhoe Company returned $107,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,800. On March 12, Metlock Company received the balance due from Ivanhoe Company. Date March 2 + March 6 + March 12 + Account Titles and Explanation Debit Credit 100.000
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