Prepare the journal entries to record the following transactions on Carla Vista Company's books using a perpetual inventory system.

(a)

On March 2, Carla Vista Company sold $825,000of merchandise on account to Martinez Company, terms3/10, n/30. The cost of the merchandise sold was $603,000. (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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title to record credit sale	enter a debit amount	enter a credit amount
enter an account title to record credit sale	enter a debit amount	enter a credit amount
(To record credit sale)
enter an account title to record cost of merchandise sold	enter a debit amount	enter a credit amount
enter an account title to record cost of merchandise sold	enter a debit amount	enter a credit amount
(To record cost of merchandise sold)

(b)

On March 6, Martinez Company returned $82,500of the merchandise purchased on March 2. The cost of the returned merchandise was $63,300. (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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title to record merchandise returned	enter a debit amount	enter a credit amount
enter an account title to record merchandise returned	enter a debit amount	enter a credit amount
(To record merchandise returned)
enter an account title to record cost of merchandise returned	enter a debit amount	enter a credit amount
enter an account title to record cost of merchandise returned	enter a debit amount	enter a credit amount
(To record cost of merchandise returned)

(c)

On March 12, Carla Vista Company received the balance due from Martinez Company. (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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount