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On March 2, Novy Company sold $817,000 of merchandise to Opps Company, terms 4/10, n/30. The cost of the merchandise sold was $576,000. (Credit account

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On March 2, Novy Company sold $817,000 of merchandise to Opps Company, terms 4/10, n/30. The cost of the merchandise sold was $576,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (To record credit sale) (To record cost of merchandise sold) On March 6, Opps Company returned $81, 700 of the merchandise purchased on March 2. The cost of the returned merchandise was $52, 700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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