On March 6, Flounder Company returned $80,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,300. (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 (To record merchandise returned) (To record cost of merchandise returned) Debit Credit