Prepare the journal entries to record the following transactions on Ivanhoe Company's books under a perpetual nventory system. a. On March 2, Novy Company sold $1,030,000 of merchandise on account to Ivanhoe Company, terms 2/10, n/30. The cost of the merchandise sold was $669,500. b. On March 6, Ivanhoe Company returned $103,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $70,000. c. On March 12, Novy Company received the balance due from Ivanhoe Company. Credit account titles are automatically indented when the amount is entered. Do not indent nanually. 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.)