Prepare the journal entries to record the following transactions on Markowitz Company's books using a perpetual inventory system. On February 6, Markowitz Company sold $210,000 of merchandise to the Lyman Company, terms 3/10, net /30. The cost of the merchandise sold was $130,000. On February 8, the Lyman Company returned $42,000 of the merchandise purchased on February 6. The cost of the merchandise returned was $21,000. On February 16 Markowitz Company received the balance due from the Lyman Company. ACCOUNT TITLE DEBIT CREDIT DATE 6-Feb 8-Feb 16-Feb