Prepare the journal entries to record the following transactions on Sandhill Company's books using a perpetual inventory system if nemtry legend, select "No Entry for the account and ent indented when amount is entered. De not indent manually Recond journal entries in the order presented in the problen List all debit entries before credit entries) Counties are ty IN On March 2. Sandhill Company sold $851,800 of merchandise to Teal Mountain Company on account term 3/10.30. The cost of the merchandise sold was 537,700 th On March 6, Teal Mountain Company returned $100.700 of the merchandise purchased on March 2. The cast of the merchandise returned was $8.000 to On March 12, Sandhill Company received the balance due from Tial Mountain Company Date: Account Titles and Explanation Debit Credit (To record sale of merchand on accou (To record cost of goods sold) To record wtum of merchandise) (To record cost of goods returned)