Prepare the journal entries to record these transactions on Ivanhoe Companys books using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 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, Ivanhoe Company purchased $890,000 of merchandise from Pharoah Company, terms 2/10, n/30.
(b)		On March 6, Ivanhoe Company returned $110,500 of the merchandise purchased on March 2.
(c)		On March 12, Ivanhoe Company paid the balance due to Pharoah Company.

No.	Date	Account Titles and Explanation	Debit	Credit
(a)	March 2March 6March 12
(b)	March 2March 6March 12
(c)	March 2March 6March 12