Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (a) On March 2, Sheridan Company sold \$893,700 of merchandise to Skysong Company on account, terms 2/10, n/30, The cost of the merchandise sold was $577,200. (b) On March 6, Skysong Company returned $119,100 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,300. (c) On March 12, Sheridan Company recelved the balance due from Skysong Company. \begin{tabular}{|l|l|l|} \hline Date & Account Titles and Explanation & Debit \\ \hline March2March6March12 & Accounts Rectivatic \end{tabular} (To record sale of merchandise on account) cost of Goods sold Inventory (To record cost of goods sold) Freight-Out Cash (To record return of merchandise) Sales Returns and Allowances Accounts Receivable (To record cost of goods retumed) Cash Sales Returns and Allowances Accounts Receivable