Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual inventory system. (a) On March 2, Sheridan Company sold $995,000 of merchandise on account to Concord Company, terms 2/10,n/30. The cost of the merchandise sold was $575.000.1 amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)