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Prepare the journal entries to record these transactions on Pina Colada Corp.'s books using a periodic inventory system. On March 2, Pina Colada Corp. purchased

Prepare the journal entries to record these transactions on Pina Colada Corp.'s books using a periodic inventory system.

On March 2, Pina Colada Corp. purchased $922,900of merchandise on account from Flint Company, terms4/10, n/30

On March 6, Pina Colada Corp. returned $165,600of the merchandise purchased on March 2.

On March 12, Pina Colada Corp. paid the balance due to Flint Company.

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