On March 2, Concord Company sold $940,000 of merchandise to Sheridan Company, terms 3/10, n/30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Cost of Goods Sold inventory Debit Credit 940000 940000 On March 6, Sheridan Company returned $94,000 of merchandise purchased on March 2. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Purchase Returns and Allowances Accounts Payable Debit Credit 94000 94000 On March 12, Sheridan Company paid the balance due to Concord Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually) 2000000 Account Titles and Explanation Accounts Receivable Purchase Returns and Allowances Accounts Payable Debit 94000 846000 Credit 940000