Prepare the journal entries to record the following transactions on Oriole Company's books using a perpetual inventory system. (a) On March 2, Oriole Company sold $932,000 of merchandise to Cheyenne 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.) Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) Debit Credit Sunland's Rentals provides workers' compensation insurance for its employees. The estimated premium for this year is $8,352. The actual premium determined at the end of the year is $8,526. (a) Prepare the journal entry for the payment of workers' compensation premium. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation (To record payment of workers' compensation insurance premium) Debit Credit