Prepare the journal entries to record these transactions on Opps Companys books under a perpetual inventory system.

On March 2, Novy Company sold $997,000of merchandise to Opps Company, terms3/10, n/30. The cost of the merchandise sold was $583,000.

On March 6, Opps Company returned $99,700of the merchandise purchased on March 2. The cost of the returned merchandise was $55,300

(3) On March 12, Novy Company received the balance due from Opps Company.

I have the first two figured out, the third "question" I cant fully understand how to figure it out.