Prepare the journal entries to record the following transactions on Sandhill Co'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 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, Wildhorse Co. sold $ 940,300 of merchandise to Sandhill Co., terms 3/10, n/30. The cost of the merchandise sold was $ 569,100. On March 6, Sandhill Co. returned $ 100,500 of the merchandise purchased on March 2. The cost of the merchandise returned was $ 66,900. On March 12, Wildhorse Co.received the balance due from Sandhill Co.. (c) No. Date Account Titles and Explanation Debit Credit (a) March 2 Accounts Receivable 940300 Sales Revenue 94 (b) March 6 Cost of Goods Sold 569100 Inventory 56 (c) March 12