prepare the journal entries to record the following transactions on pina colada corp's books using a perpetual inventory system.

On March 2, Flint Company sold $884,000 of merchandise on account to Pina Colada Corp. terms 2/10, 1/30. The cost of the merchandise sold was $556,000. (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 for the amounts) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts On March 6, Pina Colada Corp. returned $88.400 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,600. (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 for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts On March 12, Flint Company received the balance due from Pina Colada Corp. (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 for the amounts.) Account Titles and Explanation Debit Credit