Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (a) On March 2, Pharoah Company sold $906,000 of merchandise on account to Riverbed Company, terms 2/10,n/30. The cost of the merchandise sold was $583,000. (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 0 for the amounts.)