Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system. of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Cullumber Company sold $914,000 of merchandise to Marin Company on account, terms 3/10,1/30. The cost of the merchandise sold was $592,400. (b) On March 6, Marin Company returned $104,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $64.400 (c) On March 12, Cullumber Company received the balance due from Marin Company. No. Date Account Titles and Explanation Debit Credit (a) March 2 Accounts Receivable 934300 Sales Revenue 93430 (To record sale of merchandise) March 2 Cost of Goods Sold 508200 Inventory (b) March 6 Sales Returns and Allowances 107900 Debit Credit Date Account Titles and Explanation 934300 March 2 Accounts Receivable 934300933900 Sales Revenue (To record sale of merchandise) 508200 March 2 Cost of Goods Sold 508200 Inventory 107900 March 6 Sales Returns and Allowances 107900 Accounts Receivable (To record return of merchandise) 60600 March 6 Inventory 60600 Cost of Goods Sold Cash 809872 March 12 Sales Discounts 16528 826400 Arrunts Receivable