prepare the journal entries to record the following transactions on grouper companys books under a perpetual inventory system.

part c please!

On March 2, Sheridan Company sold $970,000 of merchandise on account to Grouper Company, terms 2/10,n/30. The cost of th merchandise sold was $538,000. (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.) On March 6, Grouper Company returned $97,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $56,500. (List all debit entries before credit entries. Credit account titles are automatically inden when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles a enter O for the amounts.) Your answer is incorrect. On March 12, Sheridan Company received the balance due from Grouper Company. (List all debit entrias before crec Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry select "No Entry" for the account titles and enter 0 for the amounts.)