= Prepare the journal entries to record the following transactions on Sunland Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem.) (a) (b) On March 2. Sunland Company sold $885,600 of merchandise to Splish Brothers Company on account, terms 2/10,n/30. The cost of the merchandise sold was $519.500. On March 6, Splish Brothers Company returned $110,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $63.000. On March 12. Sunland Company received the balance due from Splish Brothers Company o No. Date Account Titles and Explanation Debit (a) March 2 Credit Inventory Accounts Payable (To record sale of merchandise) March 6 a (b) March 6 (To record return of merchandise) March 12 March 12