On March $2,$ Oriole Company sold $$883,000$ of merchandise on account to Blue Spruce Company, terms $\frac{2}{10},$

$\frac{n}{30}.$ The cost of the merchandise sold was $$618,000.($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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Accounts Receivable

$883000$

$88300$

$($To record credit sale$)$

Cost of Goods Sold

$61800$

$($To record cost of merchandise sold$)$

eTextbook and Media

$($b$)$

$($c$)$

Your answer is partially correct.

On March $12,$ Oriole Company received the balance due from Blue Spruce Company. $($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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Sales Returns and Allowances

Accounts Receivable