On March 6, Flounder Company returned $80,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,300. On March 12. Pharoah Company received the balance due from Flounder Company. (List all debit entries before credit entries, 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