On March 2, Marigold Company sold $916,000 of merchandise on account to Monty Corp., terms 2/10, n/30. The cost of the merchandise sold was $549,000.

a)

Inventory. 916000

Sales Revenue 916000

On March 6, Monty Corp. returned $91,600 of the merchandise purchased on March 2. The cost of the returned merchandise was $54,900.

b)

Accounts Payable 91600

Inventory 91600

On March 12, Marigold Company received the balance due from Monty Corp.

c) (This my question)

Accounts Payable 824400

Cash ?

Inventory ?

On March 12, Marigold Company received the balance due from Monty Corp.. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 824400 Cash Inventory