Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 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) (b) On March 2, Cullumber Company sold $928,800 of merchandise to Marin Company on account, terms 2/10, n/30. The cost of the merchandise sold was $511,500. On March 6, Marin Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. On March 12, Cullumber Company received the balance due from Marin Company. (c) Date Account Titles and Explanation Debit Credit March 2 Accounts Receivable 928800 Sales Revenue 92 (To record sale of merchandise) March 2 A Cost of Goods Sold 511500 Inventory 51 March 6 a Sales Returns and Allowances 108400 Accounts Receivable 102 (To record return of merchandise) March 6 Inventory 60800 Cost of Goods Sold 60 March 12 Cash 417300 Sales Discounts 40 Accounts Receivable