P Prepare the journal entries to record the following transactions on Sunland Company's books under a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) fal On March 2. Solish Brothers Company sold $899.700 of merchandise to Sunland Company on account, terms 2/10, n/30. The cost of the merchandise sold was $525,600. Vol. On March & Sunland Company returned $111.400 of the merchandise purchased on March 2. The cost of the merchandise returned was $69,800 On March 12. Splish Brothers Company received the balance due from Sunland Company Date Account Titles and Explanation Hand 2 Accounts Receivable Marth Sales Revere Cost of Goods Sold March 13 Cash Sales Discounts Accounts Receivable Debit 99.700 325,000 Credit www.700 525.400