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 o 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) On March 2, Teal Mountain Company sold $887,400 of merchandise to Sandhill Company on account, terms 2/10, n/30. The cost of the merchandise sold was $571,700. (b) On March 6, Sandhill Company returned $103,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $62,500. (c) On March 12, Teal Mountain Company received the balance due from Sandhill Company. Date Account Titles and Explanation Debit Credit March 24 Accounts Receivable 887,400 Sales Revenue 887,400 March 6 4 Sales Returns and Allowances 103,200 Accounts Receivable 103,200 March 12 Cash 768,516 Sales Discounts 15,684 Accounts Receivable 784,200