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Prepare the journal entries to record the following transactions on Opus Companys books using a perpetual inventory system. On March 2, Nova Company sold $900,000

Prepare the journal entries to record the following transactions on Opus Companys books using a perpetual inventory system.

On March 2, Nova Company sold $900,000 of merchandise to Opus Company, terms 2/10, n/30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

eTextbook and Media

List of Accounts

On March 6, Opus Company returned $90,000 of merchandise purchased on March 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

eTextbook and Media

List of Accounts

On March 12, Opus Company paid the balance due to Nova Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

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