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Prepare the journal entries to record the following transactions on Oriole Company's books undera perpetual inventory system. (If no entry is required, select No Entry

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Prepare the journal entries to record the following transactions on Oriole Company's books undera perpetual inventory system. (If no entry is required, select "No Entry" for the occount 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.) (a) On March 2, Sage Hili Company sold $878,600 of merchandise to Oriole Company on account, terms 3/10,n/30. The cost of themerchandise sold was $562,200. (b) On March 6, Oriole Company returned $118,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,000. (c) On March 12. Sage Hill Company received the balance due from Oriole Company

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