Prepare the journal entries to record the following transactions on Kingbird, Incis books using a perpetual inventory system. On March 2, Kingbird, Inc. sold $954,000 of merchandise on account to Ayayai Company, terms 4/10, n/30. The cost of the merchandise sold was $590,000. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts) On March 6, Ayayai Company returned $95,400 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,000. (Credit account titles are outomaticaliy indented when amount is entered. Do not indent monualiy. If no entry is required, seloct "No Entry" for the account tities and enter 0 for the amounts) On March 12, Kingbird, Inc. recelved the balance due from Ayayai Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts)