Prepare the journal entries to record the following transactions on Larkspur, Inc.'s books using a perpetual inventory system. On March 2, Novak Company sold $903,000 of merchandise on account to Larkspur, Inc., terms 2/10, n/30. The cost of the merchandise sold was $580,000. (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 O for the amounts.) Account Titles and Explanation Accounts Receivable Cost of Goods Sold eTextbook and Media Debit 903000 58000 Credit

Prepare the journal entries to record the following transactions on Larkspur, Inc's books using a perpetual inventory system. On March 2, Novak Company sold $903.000 of merchandise on account to Larkspur, Inc, terms 2/10, n/30. The cost of the merchandise sold was $580,000. (Credit occount titles are automatically indented when amount is entered. Do not indent manuolly, If no entry is required, select 'No Entry' for the occount titles and enter Ofor the amounts.)