Prepare the journal entries to record the following transactions on Sheridan Company's books under a perpetual inventory system. a. On March 2, Novy Company sold \$1,005,000 of merchandise on account to Sheridan Company, terms 2/10, n/30. The cost of the merchandise sold was $653,250. b. On March 6, Sheridan Company returned $100,500 of the merchandise purchased on March 2. The cost of the returned merchandise was $68,300. c. On March 12, Novy Company received the balance due from Sheridan Company. (Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)