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Prepare the journal entries to record the following transactions on Sandhill Co.'s books using a perpet entry is required, select No Entry for the account
Prepare the journal entries to record the following transactions on Sandhill Co.'s books using a perpet 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, Sandhill Co. sold $851,800 of merchandise to Carla Vista Co., terms 3/10,n/30. The cost of the merchandise sold was $537,700 On March 6, Carla Vista Co. returned $103,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,000 On March 12, Sandhill Co. received the balance due from Carla Vista Co.. (c) No. Date Account Titles and Explanation Debit Credit (a) (To record sale of merchandise) Debit Credit No. Date Account Tities and Explanation la) (To record sale of merchandise) (To record return of merchandise) (c) March 12 e Textbook and Media
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