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

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Prepare the journal entries to record the following transactions on McLeena 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.) (a) On March 2, Borst Company sold $800,000 of merchandise to Mcleena Company on account, terms 2/10, n/30. The cost of the merchandise sold was $540,000. (b) On March 6, Mcleena Company returned \$140,000 of the merchandise porchased on March 2. The cost of the merchandise returned was $94,000. (c) On March 12, Borst Company rectived the balance due from Mcleena Company. Date Account Titles and Explanation

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