Prepare the journal entries to record the following transactions on Sandhill Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 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.) (a) (6) On March 2, Sandhill Company sold $851,800 of merchandise to Teal Mountain Company on account, terms 3/10,n/30. The cost of the merchandise sold was $537.700. On March 6, Teal Mountain Company returned $103.700 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,000 On March 12, Sandhill Company received the balance due from Teal Mountain Company, c) ple step income statement Question 1 of 9 -/18 On March 2, Sandhil Company sold $1.800 of merchandise to Teal Mountain Company an account torms 3/10, 1/30 The cost of the merchandise sold was $537.700 On March 6, Teal Mountain Company returned $103.700 of the merchant Checostore merchandise returned was $68,000 On March 12, Sandhil Company received the balance due from Tool Mountain Company. No Date Account Titles and Explanation Debit Credit (To record sale of merchandise bil (To record retion of merchandise) March 12 Textbook and Media List of Accounts Attempt of used supreme NEW YORK CITY R C G Search or type URL $ - N & 7 4 5 6 8 9 0 W E R Y U 1 S D F G H . J J K