Prepare the journal entries to record the following transactions or Ivanhoc 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.) la On March 2, Metlock Company sold $936,300 of merchandise to Ivanhoe Company on account, terms 2/10,n/30. The cost of the merchandise sold was $571,700. Ib On March 6, Ivanhoe Company returned $110,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $52,200. c) On March 12, Metlock Company received the balance due from Ivanhoe Company No. Date Account Titles and Explanation Debit Credit (a) March 2 Accounts Receivable 936,300 Sales Revenue 996,300 (b) March 6 Sales Retums and Allowances 110.000 Accounts Receivable 110,000 c March 12 800.929 Sales Discounts 24771 Accounts Receivable 25.700 e Textbook and Media