Prepare the journal entries to record the following transactions on Ayayai Company's books under a perpetual inventory system.

$($a$)$

On March $2,$ Blossom Company sold $$805,000$ of merchandise on account to Ayayai Company, terms $\frac{2}{10},\frac{n}{30}.$ The cost of the merchandise sold was $$521,000.($List all debit entries before credit entries. 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 O for the amounts.$)$

Account Titles and Explanation

Debit

Credit

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List of Accounts

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