Prepare the journal entries to record the following transactions on Sensat Companys books using a perpetual inventory system.

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Brief Exercise 5-5 Prepare the journal entries to record the following transactions on Sensat Company's books using a perpetual inventory system. On March 2, Kwang Company sold $945,000 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.) merchandise Sensat Company, terms 3/10, n/30. The cost of the merchandise sold was $564,000. (Credit account titles are automatically Debit Credit Account Titles and Explanation SHOW LIST OF ACCOUNTS ren 6,, Se tered Do not Indan se purhased t "No Entr or ad he account titles are automatically indented hen amount is en Debit Credit Account Titles and Explanation SHOW LIST OF ACCOUNTS entered. Do not indent manually. If no entry is On March 12, Sensat paid the balance due to Kwang Company. (Credit account titles are automatically indented when amount required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit