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 $854,000 of merchandise to Sensat Company, terms 3/10, n/30. The cost of the merchandise sold was $581,000. (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 O for the amounts.) Account Titles and Explanation Debit Credit Inventory 854000 Accounts Payable 854000 SHOW LIST OF ACCOUNTS On March 6, Sensat Company returned $85,400 of the merchandise purchased on March 2. The cost of the returned merchandise was $58,100. (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 O for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 85400 Inventory 85400 SHOW LIST OF ACCOUNTS On March 12, Sensat paid the balance due to Kwang Company. (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 Cash 768600 Sales Discounts Accounts Receivable