Prepare the journal entries to record the following transactions on Metlock, Inc's books using a perpetual inventory system. On March 2, Metlock, Inc. sold $926,000 of merchandise on account to Monty Company, terms 2/10, 1/30. The cost of the merchandise sold was $540,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) e Textbook and Media List of Accounts On March 6, Monty Company returned $92,600 of the merchandise purchased on March 2. The cost of the returned merchandise was $54,000. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record merchandise returned) (To record cost of merchandise returned) e Textbook and Media List of Accounts On March 12, Metlock, Inc. received the balance due from Monty Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit