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

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Prepare the journal entries to record the following transactions on Oriole Company's books using a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles ant automatically Indented when amount is entered. Do not indent manuallye Record journal entries in the order presented in the problem) (a) On March 2, Oriole Company sold $891,900 of merchandise to Ivanhoe Company, termos 3/10, 1/30 The cost of the merchandise sold was $527 400 (6) On March 6, Ivanhoe Company returned $114,400 of the merchandise purchased on March 2. The cost of the merchandise returned was 564,100 c On March 12. Oriole Company received the balance due trom Ivanhoe Company Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit (To record sale of merchandise) (To record return of merchandise) (To record return of merchandise) March 12

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