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Prepare the journal entries to record the following transactions on livanhoe Company's books using a perpetual inventory system. (If no entry is reguired, select No

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Prepare the journal entries to record the following transactions on livanhoe Company's books using a perpetual inventory system. (If no entry is reguired, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are outomotically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Ivanhoe Company sold $936,300 of merchandise to Metlock Company on account, terms 2/10,n/30. The cost of the merchandise sold was $571.700. (b) On March 6, Metlock Company returned $110,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $62.200. (c) On March 12, Ivanhoe Company received the balance due from Metlock Company

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