Prepare the journal entries to record these transactions on Shabani Companys books using a periodic inventory system.

On March 2, Shabani Company purchased $878,800 of merchandise from Ballas Company, terms 4/10, n/30.

Account Titles and Explanations	Debit	Credit

On March 6, Shabani Company returned $141,600 of the merchandise purchased on March 2.

Account Titles and Explanation	Debit	Credit

On March 12, Shabani Company paid the balance due to Ballas Company.

Accounts Title and Explanation	Debit	Credit